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You don't pay tax at the point of putting money into your pension pot. It accumulates as non-tax paid savings, in the scheme you use.
You pay tax when you come to withdraw it - in fact the tax is deducted by the scheme manager, and you get the balance. The final amount of tax you pay will depend on your allowances in the year of withdrawal.
I guess the exact details depend on the scheme you use. Is there any advice from them?
You pay tax when you come to withdraw it - in fact the tax is deducted by the scheme manager, and you get the balance. The final amount of tax you pay will depend on your allowances in the year of withdrawal.
I guess the exact details depend on the scheme you use. Is there any advice from them?
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