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Pension Tax Calculator

How much tax you would pay if you withdraw your entire pension fund?

DetailsYour pension income details

Step 1How much taxable income will you earn this year?

To calculate the amount of tax you would pay on withdrawing your pension savings you need to factor in your other sources of income such as a salary and state pension. Please use the fields below to enter an estimate of your annual income excluding this pension fund.

Your annual salary
Your annual state pension
Your additional taxable income
£
+
£
+
£

You have stated that the year you wish to withdraw your pension fund as a lump sum, you also have £ of additional taxable income.

Continue »

Results Tax bill on full withdrawal of your pension fund2

1 Some people can take more than 25% tax-free cash and some less. This depends on your individual circumstances and may change in the future. Taking tax-free cash from your fund will reduce the amount available to purchase your income which could in turn reduce your income.

2 Figures are for illustrative purposes only. Age Partnership are not tax specialists and this is only an indication of the possible tax you may have to pay. You should seek advice from HMRC or a tax specialist if you need detailed guidance on your personal tax circumstances.

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© 2025 Age Partnership Limited | Age Partnership Wealth Management Limited is authorised and regulated by the Financial Conduct Authority, FCA registered number 670493. Company registered in England and Wales No. 9073664. VAT registration number 162 9355 92. Registered address: 2200 Century Way, Thorpe Park, Leeds, LS15 8ZB.