Can I take all of this pension ?

spooncoot

Dazed_and_confused wrote: »

As Marcon says you are best checking this again.

Plenty of posters on here have seen the top line (£168.60) and assumed that will be what they get but you need to read past that to see how many more years (if any) you need to contribute to actually achieve the £168.60.

If you take the whole £21k then the pension company will initially deduct £5.3k tax from the taxable element but you will eventually get £2.2k of this back from HMRC.

Thanks again.
It says I need to contribute one more year to reach the £168.60

Dazed_and_confused

Assuming your £20k taxable income in the current tax year is wages (or primarily wages) then you should get to the maximum this tax year.