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Lump Sum Withdrawal Tax?

Posted 29 June 2015 under Tax Questions


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Paula says:
24 June 2015 at 13:41

Hi, If one has taken a lump sump withdrawal, and tax was paid on the lump sum amount, can the lump sum be included in the tax paid (ie on top of PAYE)

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TaxTimTaxTim says:
24 June 2015 at 14:57

No, this tax is full and final and does not get counted when you add up all your income and work out the relevant tax.


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