Trivial Pension Sums

Postby Cheshire Lad on Wed Jan 04, 2006 8:59 am

After April 6th 2006 pension pots of less than £15000 can be paid in cash, 25% tax free and the remainder being taxable at one's marginal rate of tax. Where a person has a number of small pensions they can commute them within a period of twelve months on different dates. However in my case the small pension pot is with a single provider. My question is whether it is possible to receive my benefits in two tranches split between two tax years in order to fully utilise my personal tax allowances for the years in question.

If anyone has any information on this subject it would be appreciated very much indeed.
Cheshire Lad
 
Posts: 1
Joined: Wed Aug 06, 2008 3:32 pm

Return to Income Tax

Dorifor Internet Marketing Dorifor Tax Group - our portfolio of tax sites:

UK's largest independent tax portal All the tax books on one site global tax seminars, conferences and other events Global tax jobs portal List of UK recruitment agencies and employers