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  • FIRST POST
    • olly4950
    • By olly4950 6th Oct 17, 8:24 PM
    • 1Posts
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    olly4950
    Civil Servant Pension
    • #1
    • 6th Oct 17, 8:24 PM
    Civil Servant Pension 6th Oct 17 at 8:24 PM
    Civil Service Pension
    I am retiring in March 2019, I will receive a lump sum and a pension per month.
    I will be 60 on the 2nd of March 2019 and on this day I would have aquired 37yrs 4 month pension.
    The question is do I retire in the month of March 2019 or would it be worth waiting till April of the new tax year? To pay less tax.
    I have been told that my lump sum is tax free?
    Regards
    olly4950
Page 1
    • Silvertabby
    • By Silvertabby 6th Oct 17, 9:01 PM
    • 1,917 Posts
    • 2,409 Thanks
    Silvertabby
    • #2
    • 6th Oct 17, 9:01 PM
    • #2
    • 6th Oct 17, 9:01 PM
    The lump sum is indeed tax free.
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