Guide · Tax
Tax in retirement
Pensions and most other income are taxable above your Personal Allowance.
Usually 25% of a defined contribution pension can be taken tax-free; the rest is taxed as income.
Scotland has its own rates.
Explore in your plan
Related guides
Sources
- GOV.UK: Tax when you get a pension(opens in a new tab)
- GOV.UK: Income Tax rates and Personal Allowances(opens in a new tab)
- GOV.UK: Scottish Income Tax(opens in a new tab)
These sources haven’t had a dated review recorded for this guide yet. Rules can change, so check the linked pages.
FLYNQD provides planning illustrations and general information, not personalised financial advice. Forecasts depend on the figures and assumptions used.