Pension Commencement Lump Sum — typically 25% of fund value, tax-free
Year-to-Date Data
Gross paid earlier in year
Tax deducted earlier in year
Month 1 (Apr) ... Month 12 (Year-End)
TAPER APPLIEDSCOTTISH RATES
HMRC assumes annual income of £0 based on this payment
Tax-Free Portion (PCLS)£0.00
Taxable Withdrawal£0.00
Period Allowance£0.00
Taxable Pay (after allowance)£0.00
Income Tax (before safeguard)£0.00
50% Safeguard Limit£0.00
Income Tax Deducted£0.00
Effective Tax Rate0.00%
Net Pension Received£0.00
Tax Reclaim Estimation
Estimated Annual Income£0.00
True Annual Tax (on full year)£0.00
Correct Tax This Period£0.00
Estimated Overpaid Tax (Reclaim)£0.00
This is an estimate. Actual reclaim depends on your total annual income and allowances. Use HMRC form P55 or P50Z to reclaim.
⚠️ Estimate assumes no other income. Actual reclaim may differ if you have additional earnings.
Tax-Free Portion (PCLS)£0.00
Taxable Withdrawal£0.00
Cumulative Gross£0.00
Cumulative Allowance£0.00
Cumulative Taxable£0.00
Total Tax Due to Date£0.00
YTD Tax Already Paid£0.00
Income Tax (before safeguard)£0.00
50% Safeguard Limit£0.00
Income Tax Deducted£0.00
Effective Tax Rate0.00%
Net Pension Received£0.00
Tax-free lump sum (PCLS) is typically up to 25% of pension value. Please verify your entitlement.
Income tax was capped at 50% of gross pay — HMRC 50% maximum deduction limit applied
This payment is likely taxed using emergency PAYE. HMRC assumes this is a regular payment, which may result in significantly higher tax deductions. You can reclaim overpaid tax from HMRC after the tax year.
This calculation assumes regular payments under PAYE. SSAS pension withdrawals are often taxed on an emergency basis. Actual liability may differ and overpaid tax can be reclaimed from HMRC.
2026/27 HMRC tax bands · For illustration only · Not financial advice