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bigduckontax, Accountant
Category: Tax
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I currently have a frozeb pension with Aviva transfer value

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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
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.
bigduckontax and other Tax Specialists are ready to help you
Thank you for your support; no problem with 'frozen then? I though there might not be!