SiPP N.I

Hi
When you take 25% SIPP tax free, is N.I also not deducted for the 25% withdrawal?

Many thanks for any help

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  • Dazed_and_C0nfused
    Dazed_and_C0nfused Forumite Posts: 11,537
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    edited 29 May at 11:01AM
    There is never any NI deducted from pension income. 

    Or a pension TFLS.


  • chrismriley
    chrismriley Forumite Posts: 10
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    There is never any NI deducted from pension income. 

    Or a pension TFLS.


    thank you!
  • dunstonh
    dunstonh Forumite Posts: 114,294
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
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    Hi
    When you take 25% SIPP tax free, is N.I also not deducted for the 25% withdrawal?

    Many thanks for any help
    It wouldn't be known as tax free cash if there was taxation on it.

    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.
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