I want to take a lump sum from my pot. How do I avoid as much tax as possible?

 

We are not able to give advice.  However, you can stagger your pension withdrawals over several tax years rather than taking it all in one go. This way you’ll minimise the amount of 20% or 40% tax you’ll have to pay.

Pension Wise can give you guidance on your options.

Was this article helpful?

Please score it so we can improve and offer you more

LikeDislike
Loading...
Members