25% tax free lump sum from pension

(Caroline Bates) #1

Whilst I appreciate that the 25% tax free cash from a pension is not subject to income tax nor does it use any of the client’s personal allowance for tax but is it capital or income for the purposes of Normal Expenditure Out of Income allowance? Many thanks
Caroline Bates
Davidson Mahon

(Simon James Northcott) #2


Simon Northcott