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Paying redundancy money into pension
Labourer
Posts: 3 Newbie
I am about to get redundancy package worth about the same as my
unused tax allowance for my Personal Pension over the past 3 years.
I am over 55.
Am I right in thinking that if I pay all my redundancy payment into my pension pot I could avoid tax and also take out up to 25% of total pension pot tax-free straight away?
unused tax allowance for my Personal Pension over the past 3 years.
I am over 55.
Am I right in thinking that if I pay all my redundancy payment into my pension pot I could avoid tax and also take out up to 25% of total pension pot tax-free straight away?
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