tax & pensions

Pensions are an income, and as such are subject to income tax. How much you pay is dependent on your income from all sources and your tax code.

If you have any queries about how much tax you pay, you should speak to HM Revenue & Customs on 0300 2003300. The Pay as You Earn (PAYE) reference for the Fund is 120\HB01721.

You don’t pay National Insurance contributions on pension income.