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!
Winding up cah lump sum.
mickyg69a
Posts: 5 Forumite
Hi,
I worked for northern rock for a few years and because of the split of the bank they have offered me a winding up lump sum on my pension totaling £6,212. 25% of this is tax free and the rest is subject to income tax.
Does any one know how much tax i will be charged?
Thanks
I worked for northern rock for a few years and because of the split of the bank they have offered me a winding up lump sum on my pension totaling £6,212. 25% of this is tax free and the rest is subject to income tax.
Does any one know how much tax i will be charged?
Thanks
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601.1K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards