Take lump sum or not?

atush

Don't be so sensitive.


WE weren't saying your choice was wrong for you, but why it would be for the OP. As if the income isn't needed they must already have a good savings amt elsewhere. And why taking a LS when you don't need it isn't wise.


If you need it, it is another matter.

OurKev

atush wrote: »

Don't be so sensitive.


WE weren't saying your choice was wrong for you, but why it would be for the OP. As if the income isn't needed they must already have a good savings amt elsewhere. And why taking a LS when you don't need it isn't wise.


If you need it, it is another matter.

Sorry, I didn't want to come across as sensitive, just putting across a different point of view rather than the purely financial one.


I didn't need the lump sum and it sounded like the OP didn't either.


In the end the OP will make their own decision on what is best in their circumstances.


Cheers


Kev

kidmugsy

frogeyesimon wrote: »

As an aside, would anyone know whether, as a non-earning 50 year old, would there be any NI payable on the pension income?

Nope. Not a bean.