nav[aria-label="Primary Navigation"] { padding: 0; & ul { list-style: none; width: 100%; display: flex; flex-direction: row; justify-content: start; align-items: start; gap: 30px; padding: 0; & li { margin: 0; } & ul li { list-style: none; } } }

We want to hear from you: please tell us about your experience of the online community.

For spacing out my withdrawals from a personal pension pot, does the tax year count?

JohnEmile

ESA question.

To not affect my ESA I was hoping to take 2 less than 25%, (all together) withdrawals out, and was wondering if I took one now, then the next past April 6th next year that this tax year spacing would mean I don't have to go through dealing with the ESA, etc rigmarole.

Find more posts tagged with

Comments

calcotti

I don't think the tax year will have any bearing.

JohnEmile

Drat, I should have stated that I'm in England, apologies.

Cartini

JohnEmile said:

I was hoping to take 2 less than 25%, (all together) withdrawals out

Hi,

I thought you could only take 25% as one lump sum, not 2 x 12.5% (for example)

JohnEmile

Not sure yet myself, but when I find out I'll post it here

Cartini

JohnEmile said:

Not sure yet myself, but when I find out I'll post it here

Thank you, that will be interesting.

The reason I ask is because a few years back I cashed in my workplace pension to pay off my mortgage; I spent many months looking round, googling and asking questions and not once did I come across splitting the 25%. That`s not to say you can`t, I received answers to the questions I was asking so may not have been asking the right question.