The wiki says that the UK state pension counts as income and will be taxed as such, but what about taking a lump sum from a money purchase (DC) pension? Does it get taxed as just whatever the 20.5% or so rate is called – capital gains?
by KenYN
The wiki says that the UK state pension counts as income and will be taxed as such, but what about taking a lump sum from a money purchase (DC) pension? Does it get taxed as just whatever the 20.5% or so rate is called – capital gains?
by KenYN