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Pension lump sum withdrawal tax calculator

Calculate how much tax you'll pay when you withdraw a lump sum from your pension.

When you’re 55 or older you can withdraw some or all of your pension pot, even if you’re not yet ready to retire.

The first 25% of the withdrawal is tax-free; the remainder is taxed as extra income. To find out how this works in detail, you can read our guide 'Should I take a lump sum from my pension?'

This calculator will help you figure out how much income tax you'll pay on a lump sum.