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25% Tax-Free Lump Sum Query...
Storeman232
Posts: 4 Newbie
Hi, I have taken my 25% tax-free lump sum from my private pension some time ago.
Since then, I have added some extra contributions to this pension.
In the future can I claim a 25% tax free lump sum from these additional contributions.
Thanks.
Since then, I have added some extra contributions to this pension.
In the future can I claim a 25% tax free lump sum from these additional contributions.
Thanks.
0
Comments
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As long as you don't exceed the Lump Sum Allowance then yes.1
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Have a look at your pension. Hopefully it will distinguish between the 75% left over from when you took the TFLS and the bit that is attributable to your new contributions. Some have separate pots (drawdown or crystallised may be words to look for) and some split it as a percentage.2
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