How much tax might you pay if you take a cash sum?

Step 1 of 3

Which part of the UK are you in?

Northern Ireland

Scotland

Wales

England

Step 2 of 3

What's your annual income?

This should be your total income before tax. This might include salary plus any State Pension or benefits you might receive. Rental income or income from investments that are taxable should also be included. If you don’t have any income please enter 0.

Please enter an income up to a maximum of £9,999,999

Step 3 of 3

How much is your total pension pot worth?

You may have more than one pension pot. If so, add together all of your individual pension pots and enter the total amount. The minimum is £2,000.

Your pension pot needs to be a minimum of £2,000 and no more than £9,999,999 to proceed. The calculator restricts your tax-free cash to a maximum of £268,275 (using the lowest whole percentage) - owing to the Lump Sum Allowance. See important notes.

Use the slider to select the cash sum you want.

TAX-FREE

I want to take

%

TAXED

Cash lump sum

from your pension

Tax you'll pay on

your cash lump sum

Emergency tax

amount

Pension pot

remaining

Cash lump sum

from your pension

Tax you'll pay on

your cash lump sum

Emergency tax

amount

Pension pot

remaining

Initially, an emergency tax code is likely to be applied by your pension provider (note this only takes into account the pension pot amount and not any additional income). This may mean you could pay more or less tax initially than is due, and this may need to be reclaimed back from or paid to HMRC. To see the emergency tax, click on the ‘Show with emergency tax’ button.

Initially, an emergency tax code is likely to be applied by your pension provider (note this only takes into account the pension pot amount and not any additional income). This may mean you could pay more or less tax initially than is due, and this may need to be reclaimed back from or paid to HMRC. To check how much tax you could pay, click on the ‘Show tax due’ button.

Workings

Amount taken from the pension pot

Tax-free cash lump sum from pension

Taxable amount:

Annual income

Taxable cash lump sum from pension

Less personal allowance

Total taxable amount

Tax payable on income:

Total tax payable on income

Tax payable on lump sum taken from pension:

Total tax payable on lump sum

Emergency tax

Initially, an emergency tax code is likely to be applied by your pension provider (note this only takes into account the pension pot amount and not any additional income). This may mean you could pay more or less tax initially than is due, and this may need to be reclaimed back from or paid to HMRC.

Call us on

01737 233413

For a retirement chat

Important notes

This calculator will give you a rough estimate of tax that may be due based on your inputs and the assumptions stated. The actual tax payable may well be lower or higher than that shown.

If you believe you have paid too much or too little tax and would like to clarify how this will be refunded or repaid, please contact HMRC directly.

The calculations assume that you qualify for the standard Personal Allowance for the 2025/26 tax year and exclude National Insurance.

Emergency tax is based on UK rates.

There are no allowances made for Savings Allowance, Married Allowance, Blind Person's Allowance, Dividend Allowance or any benefits associated with your employment, all of which could have a significant impact on the tax due.

There is a limit on how much tax-free lump sum you can take called the Lump Sum Allowance. This limit is usually £268,275. You may have a higher entitlement if you have protection from the Lifetime Allowance, but the calculator assumes that you don't and adjusts the tax free cash percentage accordingly.

How much tax might you pay if you take a cash sum?

Step 1 of 3

Which part of the UK are you in?

Northern Ireland

Scotland

Wales

England

Step 2 of 3

What's your annual income?

This should be your total income before tax. This might include salary plus any State Pension or benefits you might receive. Rental income or income from investments that are taxable should also be included. If you don’t have any income please enter 0.

This should be your total income before tax. This might include salary plus any State Pension or benefits you might receive. Rental income or income from investments that are taxable should also be included. If you don’t have any income please enter 0.

Step 3 of 3

How much is your total pension pot worth?

You may have more than one pension pot. If so, add together all of your individual pension pots and enter the total amount. The minimum is £2,000.

You may have more than one pension pot. If so, add together all of your individual pension pots and enter the total amount. The minimum is £2,000.

Use the slider to select the cash sum you want.

TAX-FREE

I want to take

%

TAXED

Cash lump sum

from your pension

Tax you'll pay on

your cash lump sum

Emergency tax

amount

Pension pot

remaining

Cash lump sum

from your pension

Tax you'll pay on

your cash lump sum

Emergency tax

amount

Pension pot

remaining

Thank you

We'll send you your results

Just give us a valid email to send them to

Workings

Amount taken from the pension pot

Tax-free cash lump sum from pension

Taxable amount:

Annual income

Taxable cash lump sum from pension

Less personal allowance

Total taxable amount

Tax payable on income:

Total tax payable on income

Total tax payable on income

Tax payable on lump sum taken from pension:

Total tax payable on lump sum

Total tax payable on lump sum

Emergency tax

Call us on

01737 233413

For a retirement chat

Important notes

This calculator will give you a rough estimate of tax that may be due based on your inputs and the assumptions stated. The actual tax payable may well be lower or higher than that shown.

If you believe you have paid too much or too little tax and would like to clarify how this will be refunded or repaid, please contact HMRC directly.

The calculations assume that you qualify for the standard Personal Allowance for the 2025/26 tax year and exclude National Insurance.

Emergency tax is based on UK rates.

There are no allowances made for Savings Allowance, Married Allowance, Blind Person's Allowance, Dividend Allowance or any benefits associated with your employment, all of which could have a significant impact on the tax due.

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