Skip to the content

Tax

Normally 25% of your pension pot is paid tax free and the balance is taxed at your marginal rate.

Basically, this means that if taking cash tips you into the higher rate tax band you will be paying 40% or more tax on at least some of your money.

This can be a complex matter so if in doubt taking professional advice is always a good idea. You can take your entire pension pot as a cash lump sum or you can take part of your pension as a cash sum. We can advise you on the most tax-efficient option.

Get your free guide

Visit the online library to see all my guides

If you want to make the most of pension freedoms you should start planning ahead and make sure your financial affairs are in good shape in the years running up to retirement.

William Burrows

William Burrows

Offices in London and Northampton

Call: 07730 435 657

Better Retirement Group Ltd

400 Pavilion Drive
Northampton
NN4 7PA 
 68 Lombard St
London
EC3V 9LJ

If you need help or advice - Contact us

As one of the most respected specialist retirement advisers, William Burrows and Better Retirement will be pleased to help you make the right decisions at any stage of your retirement journey.

Call or email now for a free and without commitment chat.