Chris Langton

I am currently receiving an occupational pension, my only income, and from April 2025 it will be more than my annual tax free alowance.
During the tax year, I propose to draw down a lump sum from a SIPP.
I have taken my tax free lump sum amount and this draw down will be subject to Income Tax.
When the drawdown is made, will this be considered by HMRC as a regular payment, thus affecting my ongoing pension payments adversely, or will it only be considered at an end of year self assessment?