I've spoken to HMRC and asked for my 1250L tax code to be assigned to my Pension.
As an Agency HGV Driver, my work is sporadic, haphazard and not guaranteed, so therefore my pension is my only guaranteed incone, falling just below the £12500 free-tax limit.
This means I pay 20% on everything I earn through Agency work, but I will get a rebate every April on taxed wages between pension & Tax code, throw that into Pension Pot #2 and I'm quids in!!!
26-yrs working to get my pension, then get taxed on it - Not for me - I've worked for my pension! I want it all!!! Max Commutation, then tax-free!
I'm beginning to consider myself "semi-retired" as I only do around 3 days a week of driving, yet still earn the same as I did when full-time RAF!
Go Figure!!!!!