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Accessing 1 pension without affecting tax relief
BaldMetalhead
Posts: 1 Newbie
I have a small pension fund that has been sat for many many years. It has a value of £12k so I can’t take it as a small pot. Can I take 25% without it affecting the tax relief I get on my work pension contributions.
I can’t find anything definitive online
0
Comments
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Can I take 25% without it affecting the tax relief I get on my work pension contributions.yes you can. Its only when you access the 75% element that you are restricted going forward.
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.1 -
I think this is the rule you are looking for Money Purchase Annual Allowance (MPAA) | MoneyHelper1
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