@Ayobur_R @nchowdss Lower of 25% of your pension pot or £1.073m (assuming you have more than that amount) is tax free. Rest of it is taxed as NSI, the excess over your lifetime allowance of £1.073m is taxed at 55%
@Ayobur_R @nchowdss Depends, you get a lifetime lump sum allowance which is around £1.073m but if you opt to take it monthly you get taxed like non savings income