We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
budget pension is this right?
Comments
-
ok as i understand it
i will be 56 next feb. and have 2 pensions i dont cont.to in total they will have a value of about 30k.
i can take 25% i.e. 7.5k
i can take the other 75% 22.5k less 20% income tax
(i`m not a tax payer but assume the 22.5k one off would make me one in that year?)
is this broadly correct?
cheers
Looking at the information in more detail this morning, it looks like you can take the whole £30k tax free. Used to be £18k.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards