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Paying income tax on your private pensions

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  • kimwp
    kimwp Posts: 3,004 Forumite
    Fifth Anniversary 1,000 Posts Photogenic Name Dropper
    While it is just maths, make sure to take into account those guaranteed rpi rises in your dB when comparing with what they are saying you will get if you start taking it at 67?
    Statement of Affairs (SOA) link: https://www.lemonfool.co.uk/financecalculators/soa.php

    For free, non-judgemental debt advice, try: Stepchange or National Debtline. Beware fee charging companies with similar names.
  • Mr_Benn
    Mr_Benn Posts: 363 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Thanks for the quick replies guys.  Some good common sense points.   
    I have dropped an IFA an email, and will just see what she says about any advice. 
    Id like a few pointers on wether to go down the Drawdown or Annuity route as well, which I could get if offered an hour slot or something.  Will keep you updated !  

    And as if by magic ....its Friday afternoon :-)
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