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How does pension drawdown tax work?

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PensionBee

PensionBee

Күн бұрын

Drawdown tax needn't be taxing. Watch Personal Finance Blogger and Journalist, Faith Archer, explain the tax facts for your pension. Got any questions on pensions or pension drawdown? Leave a comment below!
As with all investments, your balance can go down as well as up so your capital is at risk.
Discover the tax you could pay on your pension withdrawals using our drawdown calculator and see how this could impact on your savings: www.pensionbee...
Visit our Pensions Explained Centre for further information on pensions and drawdown: www.pensionbee...
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Пікірлер: 6
@MJ-YT-USR
@MJ-YT-USR 8 ай бұрын
Very nice, thank you!
@nigelsmith3144
@nigelsmith3144 5 ай бұрын
Can I continue to pay in to my pension after taking the 25% tax free lump sum?
@PensionbeeTV
@PensionbeeTV 5 ай бұрын
Hey there, you can continue to pay into your pension pot as usual even after taking your 25% tax free cash. You contribution limits are only affected after taking a taxable withdrawal.
@DeanBrennan-mi8ur
@DeanBrennan-mi8ur 2 ай бұрын
Wow cant believe government allow such way to earn free money. Pity im only realising this at 35. Need to get chipping away :)
@peterlloyd6337
@peterlloyd6337 Жыл бұрын
Very well explained. Regards flexible drawdown from a DC scheme - yes one wants to keep income tax deduction to a minimum but of course one has to live and so it may well be very easy to be in the HR 40% IT band - especially if one has a family to support and no other income other than pension flexible drawdown.
@DismalScience
@DismalScience Күн бұрын
Is the background music there just to drive the viewer, trying to concentrate on the somewhat complex subject, insane?
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