Tax free withdrawals

Straight_Shooter

Shadyocuk said:

The number of months is not relevant , as has been pointed out it is the total taxable income in the relevant tax year.
If you recieve any other taxable income in  26/27 (eg get paid for April 26) then you wont have a full £12570 left unused for the rest of that tax year so even only drawing £1396 each future month will still leave you with a tax to pay for the year 26/27 , the same will be true in the financial year that ypur state pension starts.

I'm sure you mean well, but you seem to completely misunderstand my post. The number of months is relevant in the context of my post, as it represents the time line between what will be my last sum of taxable income and the start of my state pension, effectively illustrating the precise amount of time I have to empty my Sipp without paying tax.
I am well aware of all that you state within your post. 
Enjoy your day!

german_keeper

Straight_Shooter said:

Shadyocuk said:

The number of months is not relevant , as has been pointed out it is the total taxable income in the relevant tax year.
If you recieve any other taxable income in  26/27 (eg get paid for April 26) then you wont have a full £12570 left unused for the rest of that tax year so even only drawing £1396 each future month will still leave you with a tax to pay for the year 26/27 , the same will be true in the financial year that ypur state pension starts.

I'm sure you mean well, but you seem to completely misunderstand my post. The number of months is relevant in the context of my post, as it represents the time line between what will be my last sum of taxable income and the start of my state pension, effectively illustrating the precise amount of time I have to empty my Sipp without paying tax.
I am well aware of all that you state within your post. 
Enjoy your day!

I'm not sure I am following all this completely but just a question, are you aware that state pension is taxable income?

Straight_Shooter

german_keeper said:

Straight_Shooter said:

Shadyocuk said:

The number of months is not relevant , as has been pointed out it is the total taxable income in the relevant tax year.
If you recieve any other taxable income in  26/27 (eg get paid for April 26) then you wont have a full £12570 left unused for the rest of that tax year so even only drawing £1396 each future month will still leave you with a tax to pay for the year 26/27 , the same will be true in the financial year that ypur state pension starts.

I'm sure you mean well, but you seem to completely misunderstand my post. The number of months is relevant in the context of my post, as it represents the time line between what will be my last sum of taxable income and the start of my state pension, effectively illustrating the precise amount of time I have to empty my Sipp without paying tax.
I am well aware of all that you state within your post. 
Enjoy your day!

I'm not sure I am following all this completely but just a question, are you aware that state pension is taxable income?

I am indeed, that is the crux of my post.