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Where Taxpayers and Advisers Meet

Pension serious ill health lump sum

Joined:Thu Oct 07, 2021 6:26 am
Pension serious ill health lump sum

Postby ivadd1 » Thu Oct 07, 2021 6:58 am

If someone takes a 'serious ill health' lump sum from their pension (to the maximum possible amount) on the basis of a confirmed medical diagnosis of a life expectancy of less than one year and then survives past the year are there any tax implications? The amount taken was within the lifetime limit and was not charged to income tax.

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