Taxed on SP due to late husbands SP

poseidon1

https://forums.moneysavingexpert.com/discussion/6656011/taxed-on-sp-due-to-late-husbands-sp

Have you overlooked that in an April 2023 post you stated you were in receipt of drawdown pension receipts organised by an FA on your behalf?

Evidently you have since curtailed that drawdown arrangement, but is there any reason why you will not be resuming payments or at least taking your 25% TFC?

I can understand that you may be keeping those funds in reserve in case of greater financial need later in life, but not if the sole reason is to avoid 20% tax thereon.

Qyburn

https://forums.moneysavingexpert.com/discussion/6656011/taxed-on-sp-due-to-late-husbands-sp

Today’s I’ve received a new tax code K35 which if I’m reading it correctly it says I’m due to pay tax on £362 in 26/27

Is that "pay tax on £362" which (assuming basic rate) amounts to £65.20? Or tax of £362.