Tax on the state pension
The state pension is taxable but unlike private pensions, the state pension has no tax taken off before it is paid to you. Here we look at what tax is payable on state pension payments.
The state pension is taxable but unlike private pensions, the state pension has no tax taken off before it is paid to you. Here we look at what tax is payable on state pension payments.
Certain pension income is tax-free. This page gives an overview of tax-free UK pension income (or pension related income).
If you access your pension pot flexibly, then income tax will usually be payable. Here we look at how tax is collected and some problem areas to be aware of.
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, ...
Some small occupational pensions can be cashed in under what are called the ‘trivial commutation’ rules. Also, pensions with small values may, in some cases, be cashed in as a lump sum under separate rules which apply to ‘small pots’ (these are not the same as the flexible pensions rules). If ...
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.