Hey there, you can continue to pay into your pension pot as usual even after taking your 25% tax free cash. You contribution limits are only affected after taking a taxable withdrawal.
Very well explained. Regards flexible drawdown from a DC scheme - yes one wants to keep income tax deduction to a minimum but of course one has to live and so it may well be very easy to be in the HR 40% IT band - especially if one has a family to support and no other income other than pension flexible drawdown.
My PAYE tax code / Personal Allowance has been adjusted to reflect my income drawdown payments but what I don't understand is that it is already being taxed at source by the pension company ?
Get a government gateway account and look at your personal tax account, if you have paid too much it is hmrc who owe you the money, the pension provider has to tax you as though you are getting paid wages.
