Skip to main content

This is a new service – your feedback will help us to improve it.

  • Pension tax free lump some

    Afternoon. I have a pension pot of 40k and want to take the whole 25% 10k tax free lump sum. However. Where do I stand if I take £12570 also out of the pension pot? This is under the income threshold for tax but will I be taxed on it as my "income" would be £22570 for the year.