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Threat to limit tax free lump sum on retirement
Deferred_of_BT
Posts: 1 Newbie
I took early retirement from BT in 2011 and intend to take my pension in 2017.
I am fortunate to be a section B member (Defined Benefits) and as such anticipate an index linked pension plus lump sum.
I note the speculation in the press regarding proposals to cap the amount that may be taken as a lump sum to £36k but am not sure how and if this would impact the BT scheme?
Any ideas?
I am fortunate to be a section B member (Defined Benefits) and as such anticipate an index linked pension plus lump sum.
I note the speculation in the press regarding proposals to cap the amount that may be taken as a lump sum to £36k but am not sure how and if this would impact the BT scheme?
Any ideas?
0
Comments
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If you look in the main pension section you will see a thread already running on this unfounded speculation.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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