UK Tax

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Related UK Tax Questions
I live in the UK and I am a workplace pension scheme member
Hi, I live in the UK and I am a workplace pension scheme member with The People's Pension ((B&CE) - https://thepeoplespension.co.uk/ ). I have reached a total current fund value of GBP 3697.00 and my … read more
bigduckontax
bigduckontax
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FCCA FCMA CGMA ACG
1,306 satisfied customers
My question relates to UK tax on withdrawals from an
My question relates to UK tax on withdrawals from an unregistered pension scheme. I have seen tax quoted as 'up to 55%' or even 60%. can you clarify the rules?… read more
bigduckontax
bigduckontax
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I am a US & UK expat( l am dual citizen but do not reside in eithe
I am a US & UK expat( l am dual citizen but do not reside in either of those countries) and my UK pension provider is winding up their defined contribution pension plan. I have the option of a lump su… read more
bigduckontax
bigduckontax
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, I am a Canadian citizen. I have a UK pension that will
Hi, I am a Canadian citizen. I have a UK pension that will pay about £28,000 tax free when I turn 63 and then pay a monthly pension. Will the lump sum be a taxable income in Canada. Thank you… read more
bigduckontax
bigduckontax
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FCCA FCMA CGMA ACG
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UK resident, age 67, in receipt of a State pension, and
For a UK resident, age 67, in receipt of a State pension, and pension from previous employment, is there any advantage in contributing to another pension plan, with a view to withdrawing a capital sum… read more
taxadvisor.uk
taxadvisor.uk
Chartered Certified Accountant
Chartered Certified Accountant - FCCA
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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
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Higher Officer HMRC
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I am a higher rate tax payer, salary 58K, I will shortly recieve
I am a higher rate tax payer, salary 58K, I will shortly recieve a bonus of 105K and wish to reduce my tax liability. I am member of a defined benefits pension scheme, a company run AVC scheme (no com… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 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
7,089 satisfied customers
I am a 62 year old female working full time i deferred my state
I am a 62 year old female working full time i deferred my state pension but have decided to take the weekly amount £137 tax office said I would lose my personal allowance my earnings at present are £1… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
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I am a UK citizen who has lived in Irish Republic for 30+ years.In
I am a UK citizen who has lived in Irish Republic for 30+ years.In April I will be 65 and entitled to a UK State Contributory pension.This will be approx £100pw or £5200pa.Actuarially, I understand, t… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
It is my intention to retire at the end of June 2012. I deferred
It is my intention to retire at the end of June 2012. I deferred my state pension in 2007 and will draw the state pension and lump sum in November 2012, specifically in order to avoid paying tax on th… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
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I am in the armed forces and thinking of leaving. I have used
I am in the armed forces and thinking of leaving. I have used the pension calculator to estimate my immediate pension, terminal grant and (if I commute) the lump sum and revised pension. what tax woul… read more
berduchwal
berduchwal
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Licenciatura
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Hello! I have a personal pension (Pension1) and a group
Hello! I have a personal pension (Pension1) and a group personal pension (Pension2) . I'm 45 years old. Can I start the pensions at different dates? For example can I take a 25% tax-free lump sum from… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Im 61, I have a pension which Ive paid into for the last
I'm 61, I have a pension which I've paid into for the last 15 years at £106 per month. I joined a new company aprox 18 months agao and part of the package was for them to contribute 5% of my salary to… read more
Sam
Sam
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I am about to take a lump sum early retirement amount of 28k
I am about to take a lump sum early retirement amount of £28k on May1st 2011. I am still working and earn £19.5K per annum. How much tax will I pay on my lump sum and will my tax code change on my sal… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,700 satisfied customers
I have recently retired (aged 65) and am claiming pensions
I have recently retired (aged 65) and am claiming pensions from old company pension schemes. What happens if I take a lump sum that takes me over the 1% lifetime allowance of £18000. The company conce… read more
CCTax
CCTax
Bachelor's Degree
324 satisfied customers
I was in the NHS for twenty years and did not break my service.
I was in the NHS for twenty years and did not break my service. Myannuation contributions were frozen when I went into the private sector. I am enquiring if I can claim some of this money back now. I … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
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Hi i have a company pension scheme which i and the company
Hi i have a company pension scheme which i and the company contributed to until they ceased trading in 2001 since then i receive the usual pension statement annually and the value is approximately £18… read more
QC
QC
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