Hi all, I am a self employed Taxi Driver(sole trader) who fills in a self assessment tax form every year. My "working" year runs from August to July, so I usually fill in the return at the end of July. I also include income received from a rental property, but these figures relate to 4 April to 5 April. I have two pensions and now I am 55 I am thinking of cashing them in one is worth about £6500 and the other about £30000. I believe that the providers deduct the tax due from the 75% at scource and pay HMRC
My question is do I need to do anything? Do I have to declare it on the self assessment?
Any advice would be much appreciated Thanks in advance
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