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NHS pension: larger lump sum or larger pension

masco1 · 2014-04-10 11:16:21

Due to retire after 40 yrs in NHS. Pension will be just under £50K per year and lump sum around £145K. Should I commute and take maximum lump sum to keep my pension below the higher rate tax level? Difficult to work out what is the best. i do need to pay off mortgage of around £100K.

Comments

masco1 Posts: 31 Forumite

11 April 2014 at 1:34PM

Excellent - some great ideas on how to spend my hard-earned £. I plan to live well into old age but who knows?
Not sure Mrs Masco1 will appreciate it when the fast women come to visit. I'll have to ensure she is at the Tuscany villa.

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