Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Tue, 09 Nov 2021 12:16:59 GMT by Would-be retiree
I started a new job in May, and enrolled in the pension scheme. I may end up retiring soon though. If I retire with less than two years paying into the pension fund, my contributions will be refunded and my pension cancelled. Will I have to treat the refunded pension as income for the tax year when I retire, or will it be retroactively added into the tax year when each contribution was made (and taxed accordingly)? Thanks, Archie
Posted Wed, 10 Nov 2021 15:03:44 GMT by HMRC Admin 10
Hi

It will be treated as taxable income for the tax year you receive the payment.

Thankyou.

Regards.

You must be signed in to post in this forum.