Use this tool to calculate the tax effects of encashing pension funds.
 
 
Your Gross Taxable Income in the current tax year (£)
 
Your Personal Allowance in the current tax year (£)
 
OR
 
 
Apply Emergency Tax to the pension funds
 
 
Total Value of Pension Funds to be encashed (£)
 
Take 25% of the funds as a Tax-Free Lump Sum ?