_:nf0a36b8f788547368af3294152725708xb0
<http://schema.org/description>
"Once you reach 55, a whole spread of opportunities will open themselves up to you. One such bonus is the fact that you can finally access that hard-saved pension fund. Up to 25% of your savings can be taken tax-free, with the remaining 75% being subject to income tax. The payable amount depends on your total income for the year and your tax rate. This is known as drawdown tax. You’ll only have to pay tax if you decide to draw over the 25% threshold. In this case, any income you take will be a..."
<https://www.grahamcarter.co.uk/post/drawdown-tax-and-flexible-retirement-income-what-does-it-all-mean>