The Taxation Of Pensions
Lump Sum Pension Benefits
Up to 25 per cent of the capital value of the pension, below the lifetime allowance can be paid as a tax-free lump sum unless a higher protected amount is available.
This tax planner is for general guidance only – action should not be taken without specific advice.
This tax planner does not take account of Scottish or other devolved government changes to the standard UK tax. Should you require further information, please contact us.