Pension Tax calculator

Use our pension tax calculator to find out the amount and percentage rate of income tax you’ll pay on the pension funds you withdraw.

Use our pension tax calculator to find out the amount and percentage rate of income tax you'll pay on the pension funds you withdraw.

Tempting as it is to take your pension fund as cash, beware the sting in the tail – while you can normally take a 25% tax-free lump sum, you'll pay tax on the rest (at a rate linked to all income you receive in that year).

This calculator shows you the amount and percentage rate of income tax payable on your pension fund if it is withdrawn in addition to your other taxable income.

Your Details

Total income for tax year before deductions (excluding the pension you're planning withdrawing money from)

Please enter figures without commas i.e. 54000

Annual income you're taking from pension savings (excluding tax free cash)

Summary

Total income including pension withdrawals

£{{totalincome() | number:0}}

Total tax you'll pay

£{{sumValue(taxbands, 'amountoftaxtotal') | number:0}}

Tax on Pension
£{{totaltax() | number:0}}

Effective Pension Tax Rate
{{taxPercentage() | number:1}}%

Tax Breakdown

Your Personal Allowance will be reduced. Your total income of £{{totalincome() | number:0}} is above £100,000, so your Personal Allowance is reduced by £1 for every £2 over £100,000 – from £12,570 down to £{{taxbands[0].maxvalue | number:0}}.

Band	Rate	Taxable Amount	Tax on Income	Tax on Pension	Total Tax
Personal Allowance Basic Rate Higher Rate Additional Rate	{{band.rate}}%	£{{band.taxableamounttotal \| number:0}}	£{{band.amountoftaxincome \| number:0}}	£{{band.taxonpension \| number:0}}	£{{band.amountoftaxtotal \| number:0}}
Total			£{{sumValue(basetaxbands, 'amountoftaxincome') \| number:0}}	£{{totaltax() \| number:0}}	£{{sumValue(taxbands, 'amountoftaxtotal') \| number:0}}

Enter your income and pension withdrawal amount above to see the tax breakdown.

Notes

Figures based on income tax limits for tax year 2026/27
No allowance made for blind person or married persons allowance
The calculator assumes that 25% tax-free cash has been taken
Information provided on this calculator is for illustrative purposes only

Do not make any major financial decisions without consulting a qualified specialist such as an accountant or financial adviser. This calculator uses UK income tax calculations – excluding Scotland.