Public Sector Pension Lump Sums

These are currently tax free . . . Easy tax lump sums.

Why the contribution is important

The money will stay in the scheme and be paid out slowly.

by Yukiyama on April 11, 2017 at 04:36PM

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Comments

  • Posted by dpfellows April 11, 2017 at 17:22

    Or cap them at an affordable level.

    "You can retain a tax free maximum lump sum of £30,000" - I am trying to recall but I think I read that the average lump sum payment was about £80,000. This is being paid out of a fund that will have no money left in it very shortly.

    That way you limit what is being paid out and you don't heavily penalise the 'foot soldiers'.
  • Posted by Yukiyama April 17, 2017 at 10:58

    The foot soldier would not be penalised at all, they just take their money monthly minus tax.
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