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Tax on Drawdown
Comments
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My own SIPP with a different provider is not yet in drawdown. I phoned them to ask what would happen if, some time after I took my TFLS, I wanted to take a single payment. They said it would not be taxed on the assumption that I would be taking that payment amount repeatedly, every month
I would not take this assurance as 'gospel'
Customer service staff at these companies are not always trained that well in the details.
Also as stated a few times already, the provider has to tax withdrawals on the basis of the tax code given to them by HMRC. The provider can not decide to do something different.
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