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Pension Tax Free Lump Sum

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EdmundD | 13:56 Wed 26th Aug 2015 | Business & Finance
3 Answers
If I take a 25% tax free lump sum from a pension am I obliged to declare this amount on a self assessment form? Or is HMRC only concerned with the taxable element?
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Avatar Image Dogsbody2
Answers are 'no' and 'yes' respectively.
16:47 Wed 26th Aug 2015
Avatar Image EdmundD
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Thank you Dogsbody2.
19:37 Wed 26th Aug 2015
Avatar Image tonyav
Have a read of this, Edmund.
http://www.msn.com/en-gb/money/retirement/taking-pension-lump-sum-could-be-disastrous/ar-BBm75cT?li=AA54rU
19:43 Wed 26th Aug 2015

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Pension Tax Free Lump Sum

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