SiPP N.I

chrismriley
Forumite Posts: 10
Forumite

Hi
When you take 25% SIPP tax free, is N.I also not deducted for the 25% withdrawal?
Many thanks for any help
When you take 25% SIPP tax free, is N.I also not deducted for the 25% withdrawal?
Many thanks for any help
0
Comments
-
There is never any NI deducted from pension income.
Or a pension TFLS.
2 -
Dazed_and_C0nfused said:There is never any NI deducted from pension income.
Or a pension TFLS.0 -
chrismriley said:Hi
When you take 25% SIPP tax free, is N.I also not deducted for the 25% withdrawal?
Many thanks for any help
All types of withdrawal (all methods, frequencies of amounts) are not subject to NI.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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