KEVCO60
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Pension tax
I retired 3 years ago and recieve a company pension of £7779 pa , I also took 25% tax free lump sum. I have another company pension of about £5000.I know you can only take 25% tax free but would I be able to take more than 25% tax free if it kept my annual income below the income tax threshold of £12556. Eg my income is £7779 tax threshold £12556 which is a difference of £4776 ,so would I be able to take that much tax free and just pay tax on rest that is left of the £5000.