bobbybox99
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Pensions and PAYE
Hi. I take a regular (taxable) pension income from my SIPP of £2000 each month (gross). My tax code is 1257L. Question 1: If I decide to take a one-off increased income of £10,000 for just the month of March 2025 (tax month 12) and then return to taking £2,000 from April 2025 (tax month 1) will I receive £8000 net in March with tax correct as month 12? Also, from tax month 1 2025 (April) will HMRC assume I'm going to be taking £10,000 every month because I took this amount in March 2025 - even though I will instruct my SIPP provider to revert to £2,000 a month payments? I'm not sure how this works across tax years... Thanks for your help!