Awareness of tax rate when pension is taken as cash in the United Kingdom in 2014

Published by Statista Research Department, Nov 13, 2014
This statistic shows the awareness of the tax rate when taking the whole defined contribution pension as cash in the United Kingdom (UK) in 2014. It was reported that 37 percent of respondents stated that they knew how much they would pay, with 18 percent knowing exactly and 19 percent knowing approximately.

Do you know what rate of tax you will pay if you take your whole pension as cash?

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Release date

November 2014

Region

United Kingdom

Survey time period

September to October 2014

Number of respondents

205 respondents

Age group

45-65 years

Special properties

Adults with a defined contribution pension

Supplementary notes

* Special characteristics: All aged 45-54 with a defined contribution pension & all aged 55-65 with a defined contribution pension who are not taking an income from it & are able to specify the worth of their pension.

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