How to pay minimal tax with a SIPP AFTER retirement!
How to pay minimal tax with a SIPP AFTER retirement!
30th September 2005
Yes. First of all when you retire you can take out up to 25% of the fund as tax free cash so should you want an income but dont want to pay tax, and say your fund is £400,000 youll get £100,000 tax free. You could live on this for the first few years and therefore draw no taxable income from your fund at all.
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