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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
pension wind up lump some is it taxable ?
Comments
-
choose a transfer to new company pension works out about 3 years of payments
thanks for all your replies:j0 -
choose a transfer to new company pension works out about 3 years of payments
thanks for all your replies:j
Your older self will thank you for that.It only takes one tree to make a thousand matches, it only takes one match to burn a thousand trees. As well, the cars are all passing me, bright lights are flashing me.
Johnny Was. Once.
Why did he think "systolic" ?0 -
Just to chime in here, you CAN have a WULS if your fund value is over £18k. But it is unlikely you would be offered this.
Usually this can only happen if say you have £17,990 at the time the offer is made and say £18,500 at the time of disinvestment. The excess over £18k would be taxed at an effective rate of 55% (40% Unauthrosied payment and 15% scheme sanction charge)0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.6K Banking & Borrowing
- 254.5K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.5K Work, Benefits & Business
- 604.3K Mortgages, Homes & Bills
- 178.6K Life & Family
- 261.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards