Tony South

Thanks, but this is not a pension. As stated, this concerns the funds from the sale of my house, my home for 11 years, so no CGT applies.

Hello, I sold my house last year, and put the proceeds into an investment plan with the Pru. I understand that I do not have to pay CGT on it, however I have been advised that I will have to pay Income Tax on anything over £50,000 I take from this pot each year. Is this correct? Many thanks.