Pension Pot withdrawal.

SouthCoastBoy

DRS1 said:

SouthCoastBoy said:

So could end up paying 40% iht then 40% on the remainder. Gulp. When taking houses and other savings into consideration it doesn't take much to get to 2 million  especially if over the oncoming years the iht threshold doesn't get increased 

Why only 40% on the remainder?  Additional rate tax is 45%.

Just an example really. 

DRS1

SouthCoastBoy said:

DRS1 said:

SouthCoastBoy said:

So could end up paying 40% iht then 40% on the remainder. Gulp. When taking houses and other savings into consideration it doesn't take much to get to 2 million  especially if over the oncoming years the iht threshold doesn't get increased 

Why only 40% on the remainder?  Additional rate tax is 45%.

Just an example really. 

Yes But you were missing the full Daily Mail headline opportunity. 

Albermarle

SouthCoastBoy said:

So could end up paying 40% iht then 40% on the remainder. Gulp. When taking houses and other savings into consideration it doesn't take much to get to 2 million  especially if over the oncoming years the iht threshold doesn't get increased 

But when you retire and start spending it, you won't be dying with £2million, will you......