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lumpsum and taxcredits
stodgy88
Posts: 90 Forumite
I have chance of taking pension early ,but continuing working -i would receive a lumpsum of around £20,000 in my wages on the last pay day of this tax year 2009-10- would i need to tell tax credit office ,and will it effect my claim- PS-i would also receive a monthly pension of arouhd £200 after tax-thanks
0
Comments
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if it will spear on your p60 as you getting paid it then I would imagine you would have to tell tax credits when giving your final figure0
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Sure i read on here that pension lumpsums dont count towards income ,only any interest over £300 it might earn-can anybody confirm or deny this-cheers0
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