Pension Drawdown Tax Query (after the 25%)

Pension Drawdown Tax Query (after the 25%)

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Discussion

DSLiverpool

Original Poster:

14,764 posts

203 months

Friday 24th January 2020
quotequote all
If you cash money out of the drawdown your liable for tax at your current rate - question is is that deducted at source or do you declare it and pay with your tax return?

EG if I take £100 out is it £100 minus my tax liability or £100 and pay the tax later.

Cheers


DSLiverpool

Original Poster:

14,764 posts

203 months

Friday 24th January 2020
quotequote all
Thank you both