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25% tax free withdrawal at 55, do I still get taxed on remaining amount at retirement age

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Comments

  • Albermarle
    Albermarle Posts: 28,347 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    carman100 said:
    Taxable pension will always be taxable no matter when you access it.

    Very wishful thinking!
    Ok, this explains my confusion. I incorrectly believed we stopped paying tax when drawing a pension.

    Thanks
    The state pension is also taxable.
  • artyboy
    artyboy Posts: 1,662 Forumite
    1,000 Posts Third Anniversary Name Dropper
    carman100 said:
    Taxable pension will always be taxable no matter when you access it.

    Very wishful thinking!
    Ok, this explains my confusion. I incorrectly believed we stopped paying tax when drawing a pension.

    Thanks
    The state pension is also taxable.
    ...but not taxed, at least not directly. Just to add to the fun.
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