- This topic has 3 replies, 2 voices, and was last updated 1 year ago by .
Viewing 4 posts - 1 through 4 (of 4 total)
Viewing 4 posts - 1 through 4 (of 4 total)
- You must be logged in to reply to this topic.
OpenTuition recommends the new interactive BPP books for December 2024 exams.
Get your discount code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › pension income
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.
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