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Step-by-step Guide

Private Pensions, Lump Sums and 25% from drawn down pensions

Article ID: 2830
Last updated: 07 Jun, 2023

Lump sum payments from a final salary pension are received free of tax and are not entered on the SA100 (individual tax) return.

For any draw down payments that have a tax free element (25%), the taxable amount (75%) should be declared on the return as usual. If you are unsure where the pension amount should be declared, please review the below locations. Please also note that any payment entered on the tax return will be used in the calculation for tax liability. For further information and guidance see the HMRC website.

SimpleStep Mode: Browse to Pension income and benefits and choose the most appropriate location (in most instances this would be Private pensions). Once the page has loaded, input the 75% taxable amount as required. 
HMRC Forms Mode: SA100 Core Return > Page 3. The most common box used is box 11 where the 75% value would need to be declared. 

Article ID: 2830
Last updated: 07 Jun, 2023
Revision: 6
Views: 3025
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Also listed in
folder Tax Return Production -> SA100 Individual Return