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Pension drawn down
Comments
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If you are determined to take the taxable element now you might want to consider the possibility of spreading it over two tax years.
Taking part in this tax year and part in 2019:20 (less than 5 months away now) would make use of your unused basic rate band from both 2018:19 and 2019:20 meaning more of the taxable element would ultimately be taxed at 20%.0 -
Thanks and spoke to my Provider now.
Decision taken now to put my policy into a Retirement Account with flexible draw down.
I will end up on an Emergency tax code if I take any more and would need to go to HMRC for any refund.
All the best.0
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