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Post Info TOPIC: Pension lump sum withdrawal. What goes where on tax return?
blueeyes


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Pension lump sum withdrawal. What goes where on tax return?
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Hi all, I have a question. I have a client who withdrew all his private pension with Scottish Widows in which I have the P45. The payment he received into bank was £19082. Tax free amount of £6614, taxable amount of £19844, tax deducted £7377. When it comes to his tax return do I fill in the UK pensions annuities and other state benefits, Pensions (other than State Pension), retirement annuities and taxable triviality payments part on Part 4 of the return? I'm just a little worried that it's not the correct part as it doesn't ask for the PAYE ref number of Scottish Widows xxx



-- Edited by blueeyes on Monday 9th of May 2016 03:28:39 PM

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Cheshire


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Does this help at all?

www.gov.uk/government/uploads/system/uploads/attachment_data/file/505159/sa150-notes_2016.pdf

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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
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