Have Tax Questions? Ask a Tax Expert for Answers ASAP
Hello and welcome
I am an expert with JustAnswer and I am happy to assist you with your question. Yes you will be tax if you draw a lumsum , 25% will be free the rest of the 75% will be taxed .
Please kindly feel free to ask if you need me to clarify my answer.
Thank you in advance
Will yiu be drawing from the pension ?
Hello , if it is below your allowance they will be no tax on that.
You are most welcome