Small pension 7 November 2022 at 1:10PM in Savings & investments 2 replies 221 views

littleD

Hi, I have an old pension with Aviva it is less than £4,000 could I take all of this out please or do I have to stick to the 25% rule, thanks in advance

eskbanker

If you're 55 or over, then you should be able to access any such pension, with 25% of it being tax-free.

Albermarle

So 75% of it will be added to any other taxable income you have, in the tax year you withdraw the £4000.
So you may or may not pay tax on it depending on your other taxable income.