Pension withdrawal tax calculator

Have you considered taking all or some of your defined contribution pension as a cash lump sum? You normally need to be over 55 years old to do this. You will also need to consider how much tax you might pay. It could make a big difference to your plans!

If you're unsure what your options are when it comes to accessing your pension pot, visit Using my pension money​

Step 1: Simply input the information needed below.

Step 2: Review your results and compare them to taking other amounts. If you're making a pension withdrawal for the first time, it's likely you will be placed on an emergency tax code. As well as producing results based on standard rate tax, this calculator will show what the effects would be if an emergency tax code were to be applied. The figures represent amounts you may have to pay within the tax year 06 Apr 2019 to 05 Apr 2020.

Step 1 of 2

Step 1 of 2

Pension withdrawal

Enter the cash lump sum amount you want to take from your pension pot
within the tax year 06 Apr 2019 to 05 Apr 2020


Other taxable income

This could include any salary, state pension and income from a defined benefit pension scheme
but excludes savings and dividend income.


Tax-free cash

We assume the maximum amount of tax-free cash you can take from your total pension pot is 25%.


What does uncrystallised mean?

  • If you have only taken UFPLS withdrawals, and/or pension withdrawals that included 25% tax-free cash, then your uncrystallised pension pot is simply your remaining pension pot.
  • If you've previously taken pension withdrawals which were made up of more than 25% tax free cash, then you will have money within your pension that will now be fully subject to income tax when you withdraw again. This is because you've already used your tax-free allowance on this money. The money is now fully subject to income tax and is known as your ‘crystallised pension pot or drawdown pot'.
  • The remaining money in your pension, if any, is known as your ‘uncrystallised pension pot'. You can still take 25% tax-free cash on any withdrawals from this pot.

Results are based on the assumption that this total includes all defined contribution pension pots you hold.

This calculator is based on general information including the standard Personal Allowance and tax bands used by HMRC for 06 Apr 2019 to 05 Apr 2020 tax year using UK rates for England and Northern Ireland. Scottish and Welsh income tax thresholds may differ.

It's designed to help you by producing an illustrative example of how much tax you may have to pay. This is not a personal recommendation.

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