Invest 10,000 in nest pension. Get 2500 tax added. 12500
Draw 25%tax free each year = 8500drawn out 4000left.
Draw out the 4000and pay tax on it. So you get 3000.
Net result you put on 10k and got out 11.5k. that's without taking into account any investment profit.
Need to be over 55.
What am I missing here?
Draw 25%tax free each year = 8500drawn out 4000left.
Draw out the 4000and pay tax on it. So you get 3000.
Net result you put on 10k and got out 11.5k. that's without taking into account any investment profit.
Need to be over 55.
What am I missing here?
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