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avc tax help
hobbo17
Posts: 11 Forumite
Iam in a company final salary pension and pay avc funds i am going to take my pesion next month and avc fund before the 2010 dead line and work for the same company , i have just paid £ 7000 into my avc fund and but i am worried that if they lump my months salary and £7000 they owe me that i will pay 40 % on the total and not have any salary left am i correct as a friend said the avc lump should go in tax free i hope some one can help as i am worried about the tax, please help as i think i have made the wrong decsion,
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Comments
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You will be able to take a 25% lump sum from your pension and this will be tax-free.0
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