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pension and tax

  • 15-01-2018 7:52am
    #1
    kcummins
    Registered Users, Registered Users 2 Posts: 15 ✭


    HI,

    i have a pension from a job i had a few years ago not much in it but i can claim a lump sum from this soon if i want .

    my question is will i have to pay tax on this lump sum if i take it, i do my years end return every year so i if do pay tax what section on yearly tax return do i have to fill it on.

    Thanks
    Ken


Comments

  • #2
    DFT
    Registered Users, Registered Users 2 Posts: 4 ✭DFT


    kcummins wrote: »
    HI,

    i have a pension from a job i had a few years ago not much in it but i can claim a lump sum from this soon if i want .

    my question is will i have to pay tax on this lump sum if i take it, i do my years end return every year so i if do pay tax what section on yearly tax return do i have to fill it on.

    Thanks
    Ken

    You should check with the pension provider as this may be a tax free lump sum. They would be able to tell you whether it’s taxable or not and then you would just input it in the relevant section and be taxed accordingly.


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