How does pension drawdown tax work?

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Drawdown tax needn't be taxing. Watch Personal Finance Blogger and Journalist, Faith Archer, explain the tax facts for your pension. Got any questions on pensions or pension drawdown? Leave a comment below!

As with all investments, your balance can go down as well as up so your capital is at risk.

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Explained and visually illustrated extremely well!

louism.
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Can I continue to pay in to my pension after taking the 25% tax free lump sum?

nigelsmith
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Very well explained. Regards flexible drawdown from a DC scheme - yes one wants to keep income tax deduction to a minimum but of course one has to live and so it may well be very easy to be in the HR 40% IT band - especially if one has a family to support and no other income other than pension flexible drawdown.

peterlloyd