Withdrawing Money from SIPP Prior to Becoming a Higher Rate Taxpayer

marycanary

Thank you for your swift reply, especially so late at night. I do understand interest from ISAs is not taxed. The £1300 interest comes from non-ISA cash, I have ignored all gains (growth and interest) from ISAs. Is the calculation,

£50270 -(£38700+£1300) = £10270

75% = £10270

100% = £13693

ali_bear

Reading and looking at your calculation again, yes I think it is correct. Looks like you could drain that SIPP before the state pension kicks in.