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UK retirees can request a tax-free pension allowance of £12,570, with refunds for overpayments issued.
HMRC has clarified pension tax rules, stating retirees can request their tax-free allowance to be applied to their pension income, currently set at £12,570.
If overcharged, a refund will be issued.
The tax-free allowance decreases for those earning over £100,000 annually.
Pensioners can start withdrawing at 55, with the state pension age gradually rising to 67 and then 68.
To qualify for the full state pension, one needs 35 years of National Insurance contributions.
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Los jubilados del Reino Unido pueden solicitar una pensión libre de impuestos de 12.570 libras esterlinas, con reembolsos por sobrepagos emitidos.