Hello!
When a question provides a certain figure as pension income ( say from state pension and occupational pension scheme) do we always tax it at the marginal rate and not worry about it being a part of the 25% lumpsum withdrawal unless it is specifically stated what the pension fund amount is and that the income is a lumpsum withdrawal?
Thank you.
Ask the Tutor ACCA TX-UK
pension income
Just take it as income and dont think too deeply. Add it to the non-savings column and tax accordingly. Keep it simple
Okay, got it. Thank you so much!
No worries
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