How to Draw Income From a Pension

Income drawn from a pension doesn't actually need to be a sip if I say that there. If it remains below your personal allowance, it's tax-free. A lot of people do that in the sort of middle years before state pensions kick in or DB schemes fully kick in. They've got a few years where there's a personal allowance going, begging and doing this using off-plus or regular payments or whatever. But yes, you're right. You can crystallize 16,760 pounds from a pension and give you all of that tax- free.