Normally, 25% of the money you take from your pension pot is tax free. The rest of it is taxed in the same way you pay income tax on a salary. Read our income tax guide for more details on how this works.
Normally, 25% of the money you take from your pension pot is tax free. The rest of it is taxed in the same way you pay income tax on a salary. Read our income tax guide for more details on how this works.