Drawing pension while working

Spindog

Changed jobs last year and took a drop in income so drew my pension to top up my wage, took a lump sum to put away to pay off my mortgage next year. This amount took me over the 50000 tax band. Will I be hit by extra tax and do I have to let the tax man know or will they send me a bill. I'm earning 27000 a year and my lump sum was 32000. My pension pays me 420 a month but that's taxed. Cheers for any help 

Organgrinder

I assume your lump sum was tax free. In which case, no, you won't be taxed.

DavidT67

OP, What type of pension DB or DC? What method did you use to access the pension? FAD or UFPLS?  Are you taking a regular income from the pension?

IF you just took the Tax Free Cash Lump Sum, and left remainder invested, then no tax to pay.  BUT if you took taxable income, then that element is taxable, albeit unearned and thus no NI due.