We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Cashing in pension & tax.

Comments

talexuser Posts: 3,543 Forumite

8 January 2016 at 11:06PM

Thanks bowlhead, I was not aware (not having state pension myself for a few years yet) you could do that once state pension is being paid. I'm sure there has been no deferral. Do you imply you can only do this once? and it can be for a set period of months and the increase when taking again will be that fraction of weeks deferred etc?

0
xylophone Posts: 45,744 Forumite

9 January 2016 at 12:26AM

See https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/372517/dwp024-102014.pdf

0
jem16 Posts: 19,728 Forumite

9 January 2016 at 9:54AM

talexuser wrote: »

unfortunately she's been drawing state pension for 5 years.

I'm assuming you were counting the state pension in your friend's total taxable income?

0
talexuser Posts: 3,543 Forumite

9 January 2016 at 12:08PM

enough characters for posting, yes.

0

This discussion has been closed.

★ ★ ★ Meet your Ambassadors

Confirm your email address to Create Threads and Reply

Categories

All Categories
352.1K Banking & Borrowing
253.5K Reduce Debt & Boost Income
454.2K Spending & Discounts
245.1K Work, Benefits & Business
600.7K Mortgages, Homes & Bills
177.4K Life & Family
258.9K Travel & Transport
1.5M Hobbies & Leisure
16.2K Discuss & Feedback
37.6K Read-Only Boards