📨 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!

Accessing Pension Fund - Advice needed

1235»

Comments

  • Nope. It's the same as any other kind of income tax, which doesn't work like that. What you can do, if you don't need all the cash immediately, is stagger the withdrawal over a number of tax years, to use up unused tax allowances in future years.

    Also, this isn't the right place to raise the question - best in future to start an individual thread.
    I am a Technical Analyst at a third-party pension administration company. My job is to interpret rules and legislation and provide technical guidance, but I am not a lawyer or a qualified advisor of any kind and anything I say on these boards is my opinion only.
  • geoff2
    geoff2 Posts: 70 Forumite
    Part of the Furniture Combo Breaker
    Thanks chaps.
    Damn.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.4K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.