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bigduckontax
bigduckontax, Accountant
Category: Tax
Satisfied Customers: 4203
Experience:  FCCA FCMA CGMA ACIS
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I currently have a frozeb pension with Aviva transfer value

Customer Question

I currently have a frozeb pension with Aviva transfer value £56000 what would i have left after costs? and tax deducted? i am a basic rate rate payer
Submitted: 2 years ago.
Category: Tax
Expert:  bigduckontax replied 2 years ago.
Hello, I'm Keith and happy to help you with your question.
Please advise exactly what you mean by 'frozen?'
If you are considering taking the pension pot that after 25% tax free the balance would be taxed at your marginal rate of tax; in your case 20%, but some at 40% depending on your estimated annual remuneration in 15/16.
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Expert:  bigduckontax replied 2 years ago.
Thank you for your support; no problem with 'frozen then? I though there might not be!