Active
Deferred
RetiredWill I pay tax on my pension?
Your lump sum is completely tax-free
However, you will almost certainly have to pay tax on your monthly pension.
Your pension will be taxed at the basic rate until your local tax office tells us the correct rate to use.
Your tax office might need to write to you about your income before deciding the correct rate. We can't refund tax, or make any other adjustments, until your tax office confirms the rate we should use. So if you are expecting a refund it may take a little while.
If you want to know more about the tax you will pay, get in touch with your tax office.
The tax office that will deal with your tax affairs is:
HM Revenue & Customs West Yorkshire and Craven District
Centenary Court
1 St Blaise Way
Bradford
BD1 4YL.
Phone: 0845 302 1432
Your tax reference is 072/W6.
Please quote this reference whenever you contact the tax office. You can get leaflets about tax from your local tax office or from the HM Revenue & Customs website (www.hmrc.gov.uk).
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