Do Banks & Pension Company's

[trt]

If you deposit say, �15,000 from a private pension into a bank account, are they obliged to inform the Inland Revenue and do the Pension Company do likewise?

[Ethel]

The IR is notified of tax paid on interest and dividends, so the Inland Revenue always gets to know about it, eventually.

[buildersmate]

The question may be a bit more subtle, Ethel.
Money from within any pension fund can't be just drawn out unless we are talking the 25% lump sum that can be taken in cash from the fund, on retirement.
In the event that capital monies from a pension ARE returned for a legitimate reason, income tax is payable on it (although not on the 25% lump sums on retirement).