We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
tax free sum from private pension
annvlas
Posts: 1 Newbie
Will taking £12,000 tax free sum from my private pension effect any benefits.
I am 65 soon coming upto retirement age.
I am 65 soon coming upto retirement age.
0
Comments
-
even if it does, you will have 12grand in your hand as long as you dont spend it on wine, women and song and waste the rest. :rotfl::rotfl:make the most of it, we are only here for the weekend.
and we will never, ever return.0 -
sorry, couldnt resist it.
It wont affect your pension but it may affect some means tested benefits.
But is that a bad thing, it means that you can pay for things with money you have earned yourself instead of what other tax payers have earned and are giving you in benefits. Self respect is the phrase i was looking for.make the most of it, we are only here for the weekend.
and we will never, ever return.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards