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Related UK Tax Questions
If my total of pensions grow to £2m (beyond the £1.25m ceiling)
If my total of pensions grow to £2m (beyond the £1.25m ceiling) in, say five years time, 1) can i draw a lump sum of £375k and then 2) do I get taxed at 55% on income derived on the difference between… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,699 satisfied customers
I deferred my state pension and propose to have it commence
I deferred my state pension and propose to have it commence exactly 3 years after the initial entitled date (i.e from my 68th birthday). I have two other private pensions which accumulate to £25657.44… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
I am in the process of completing my tax form on line and am
I am in the process of completing my tax form on line and am not sure if i need to show information around my tax free lump sum from my pension. I was made redundant in nov 11 and had the opportunity … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
I am aged 61 and I have a pension fund of about £1.5 million.
I am aged 61 and I have a pension fund of about £1.5 million. My intention is to continue working my whole life and never to take an income or cash lump sum from my pension fund. What is the most tax … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
I'm trying to find out some information about supporting my
Hi, I'm trying to find out some information about supporting my daughter when she starts university next September. I'm a 50% tax payer and as such will be fully supporting my daughter through her edu… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
I have just taken my retirement pension in1 lump sum £17.656.62 have
I have just taken my retirement pension in1 lump sum £17.656.62 have been stopped tax of £4460.16,this after taking my 25%tax free sum of £4414.15 leaving me a taxable balance of £13242.45,my calculat… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
Idont know if you are the right person to answer questions
Idon't know if you are the right person to answer questions about pensions and tax..? My state pension will not be the full pension because of some years paying a married woman's 'stamp' when I was ma… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
I am currently on 40%tax rate and wish to take one of my pensions
I am currently on 40%tax rate and wish to take one of my pensions early, Can I take one of my pensions and receive the Lump Sum Tax free whilst still working?. The monthly income from my pension i ass… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,699 satisfied customers
My husband retired in 1993 with a occupational pension from
My husband retired in 1993 with a occupational pension from the fire service. He was advised to claim carer's allowance approx in 2005, as he takes care of his mentally handicapped brother. He is abou… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,699 satisfied customers
Have recently been widowed, husband had pension plan with pearl
Have recently been widowed, husband had pension plan with pearl opted for the lump sum and paid £1800. in tax why this much do not understand also get fire brigade pension at higher reate for first th… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
UK resident. Aged 62 (sept 2011) PAYE on full time salary of
UK resident. Aged 62 (sept 2011) PAYE on full time salary of £30k per annum that ends Dec 2011 so salary £22500 gross then. . Considering an Option to take deferred lump sum from state pension (via ex… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
I am currently earning 15000 p/a and am about to receive
I am currently earning £15000 p/a and am about to receive state pension of ££144.45 per week back dated to 1 May. As my pension was deferred I am also entitled to a lump sum of £33,234. which I can ta… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
if i have an income of 5,010 from my incapacity benefit for
if i have an income of £5,010 from my incapacity benefit for my M E condition for this year april 2011/april 2012 which is tax free and then addedto this - an early payment of my private pension of £3… read more
berduchwal
berduchwal
Accountant
Licenciatura
669 satisfied customers
My husband is retiring from the army shortly and wonders is
My husband is retiring from the army shortly and wonders is there a certain time in the tax year that is to his advantage to leave. EG,he will have used up his tax free pay will that affect how he is … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
I am 54 and have recently been medically retired with full
I am 54 and have recently been medically retired with full access to my pension. I am unsure wether to take the smaller lump sum of around 10,000 with monthly pension of 562 or to take larger lump sum… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,699 satisfied customers
current age 67,in 2006 I deffered my state pension,in 2008
current age 67,in 2006 I deffered my state pension,in 2008 I claimed the lump sum.The tax being taken at the time. Before I made the decision to defer the P&W Services told me that the tax would be ta… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
As part of my redundacy pay, my employer paid a lump sum into
As part of my redundacy pay, my employer paid a lump sum into my pension as an employer contribution. Will I be liable to pay extra tax on this or will tax have been sorted out through my PAYE coding?… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
My date of birth is 6th Oct. 1940 therefore I should have retired
My date of birth is 6th Oct. 1940 therefore I should have retired in 2005. I defered my state pension and is now seeking to claim it either weekly or as a lump sum. The Pension Service has informed me… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
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