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Dads pension query
whiskymincher
Posts: 193 Forumite
Dad is 73 and gets state pension plus a small amount from an old employers pension scheme. Has had a letter stating that this ension scheme is in trouble and giving him three options. He is interested in taking offered lump sum of circa £7K. What would the tax implications be? Will this be taxed at source and then claimed back? Any advice appreciated.
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