Tax on pension income
On this page we look at what pension income is taxable and provide an overview of how it is taxed.
On this page we look at what pension income is taxable and provide an overview of how it is taxed.
You may be able to draw money out of your defined contribution pension (also called a money purchase pension) very flexibly – as much as you like, when you like, once you have reached the normal minimum pension age. You have a great deal of control – but the rules are very complicated in many ways, ...
There are many things to think about when you start drawing a pension, as the additional income you receive can have a knock-on effect on other areas of your finances.
On this page we look at two of the most common issues that can affect low-income workers who contribute to a pension under auto-enrolment – varying pay and having more than one job.
If you meet the eligibility criteria to be auto-enrolled into a workplace pension, then your employer must usually do so. Here we look at what you can do if you are concerned that your employer is not meeting their auto-enrolment responsibilities.
If you are eligible for auto-enrolment and do not choose to opt out, there are certain contribution requirements that must be met. Here we look at how much needs to be paid into your pension under auto-enrolment, and how this might be split between you and your employer.