Tina Wylde
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Pension Lump Sum - Late Payment
Hi - I'm completing the Self Assessment form for 2023/24 and it's not clear where I should include the interest for the late payment of my Pension Lump Sum. I received the following from my pension provider, should I include this figure in untaxed interest? "Taxable interest of £X.XX for late payment of the lump sum will also be included. No tax is deducted on interest for late payments. Such payments must be declared by you to HM Revenue and Customs who will determine any tax that may be payable."