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Taking further tax free amount after taking 25% tax free lump sum?
David99M
Posts: 5 Forumite
Hi all, I've taken my 25% tax free lump sum from my pension but not taken any income yet and don't intend to for a few years.
I'm not working at the moment (I'm 58) but if I did decide to go back to work and start paying into my pension again, will I then
be able to take 25% out pax free from any new contributions I make into my pension??
I'm not working at the moment (I'm 58) but if I did decide to go back to work and start paying into my pension again, will I then
be able to take 25% out pax free from any new contributions I make into my pension??
0
Comments
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Assuming we are talking about a standard Defined Contribution pension, then the answer is yes, if the provider is OK with that . If they are not then you can just open a new pension for new contributions.David99M said:Hi all, I've taken my 25% tax free lump sum from my pension but not taken any income yet and don't intend to for a few years.
I'm not working at the moment (I'm 58) but if I did decide to go back to work and start paying into my pension again, will I then
be able to take 25% out pax free from any new contributions I make into my pension??0
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