I cashed in my pension and took £600 per month for 12 months (i.e., £7,200 in total) and then took the rest in a lump sum at the end of the 12-month period. Altogether, the amount was around £50,000. Can I still claim 25% tax-free on the lump sum (i.e., £42,800), even though I have already withdrawn £600 per month previously? 

Arthur Weller replies: 

You are entitled to receive up to 25% of the pension pot tax-free overall. So, you have to check how much you have taken from your pension fund tax-free since you started. Anything above 25% of the pension pot will be taxable. Just confirm with your pension provider whether they haveclassified any of the 12 monthly £600 payments or the £42,800 payment as income drawdown, or as your 25% lump sum tax-free amount.