S SimonP Registered User Messages 15 31 Aug 2024 #1 Hi all - If I was on about 30k a year still working and took say 40k of a lump sum (25% tax free amount) from my private pension around half way through the year would I then be on the 40% tax on the income from my job for the rest of the year? Thanks!
Hi all - If I was on about 30k a year still working and took say 40k of a lump sum (25% tax free amount) from my private pension around half way through the year would I then be on the 40% tax on the income from my job for the rest of the year? Thanks!
C ClubMan Registered User Messages 52,758 31 Aug 2024 #2 The pension tax free lump sum has no impact on the taxation of any ongoing income. Maybe your question needs clarification?
The pension tax free lump sum has no impact on the taxation of any ongoing income. Maybe your question needs clarification?
S SimonP Registered User Messages 15 31 Aug 2024 #3 Thanks Clubman! That looks like the answer I was looking for.