Morning all
I’m an ex postman with a NR60 pension
I receive a statement each year telling me what my annual pension will pay but not the total amount of my pension pot. I’m approaching 55 and would like to work out appropriately how much my 25% tax free lump may be
Thanks for any advice
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Pension Pot
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clashcityrocker
- Posts: 16210
- Joined: 22 Sep 2009, 13:50
- Gender: Male
- Location: strummerville
Re: Pension Pot
If you know what your annual pension is multiply it by 20.
That gives you your total pension pot.
25% of that figure is tax free.
That gives you your total pension pot.
25% of that figure is tax free.
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