What percentage will they tax her?
By Marc Sevitz · Updated
Hi Tim me and my wife got divorced last year and she is going to get her 50% of my pension fund,she is 62 years old what percentage would they tax her on?
Please make use of our Lump sum calculator to work out tax payable on the pension.
Tim thanks for the reply so this is how she will be taxed on her portion of 50%,and the fact that she is a pensioner?
Yes correct - there are special tax tables for retirement fund lumpsums. These are different to the normal tax tables for individuals.