Malcy Graham

In the Pensions Taxation Manual (PTM177000) it states "The payment of a pension commencement excess lump sum will always be subject to income tax at the recipient's marginal rate." I retired on 8th April 2024 and received a PCELS in excess of the amount of the Top Rate of income tax. As I live in Scotland this PCELS was taxed in it's entirety at a rate of 48% by my pension provider. In essence it appears this was treated as recurring income, which it is not. As I had not earned any other income at the point this was paid in 2024, should I not have been afforded the benefit of it being taxed through the various bands, arriving at the marginal rate of 48% only for that portion which fell into the income band over the top rate amount?