Maximum Tax Efficient Drawdown Sum 2019

Published / Last Updated on 08/04/2019

Maximum Tax Efficient Drawdown Sum 2019 -Tax Year 2019 (06/04/2019 - 05/04/2020)

  • Personal allowance = £12,500
  • Basic rate band = £37,500
  • Income: £50,000 before Higher Rate Tax Starts *(Not In Scotland)

What to Drawdown?

  • Withdraw up to £16,666 from 'uncrystallised' pension funds (£12,500 Taxaxble Income [75%] and £4,166 [25%]) and pay no tax (if no other taxable income)
  • Withdraw up to £66,666 from 'uncrystallised' pension funds (£50,000 Taxable Income [75%] and £16,666 [25%]) and only pay basic rate tax i.e. not move into Higher Rate Tax Band

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