Pension lump sum withdrawal tax calculator
Calculate how much tax you'll pay when you withdraw a lump sum from your pension in the 2024-25, 2023-24 and 2022-23 tax years.
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. Use the 'Tax year' dropdown to select the year you want.