Does anyone know the taxation position for paying an EPB after A-Day? Is it tax free or 25% tax free?

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Does anyone know the taxation position for paying an EPB after A-Day? Is it tax free or 25% tax free?

EPB - Equivalent Pension Benefit.
I know that a normal trivial commutation is now 25% tax free.

2006-11-11 22:50:44 · 2 answers · asked by livermel 2 in Business & Finance ➔ Taxes ➔ United Kingdom

2 answers

try either or both of these websites if you don't get a direct answer -

the pension service web-site. http://www.thepensionservice.gov.uk/home...
or the pensions advisory service http://www.pensionsadvisoryservice.org.u...

2006-11-17 10:46:20 · answer #1 · answered by Julie B 5 · 0⤊ 0⤋

i think its 25% tax free

2006-11-17 03:25:45 · answer #2 · answered by Helen 4 · 0⤊ 0⤋