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Civil Servant Pension
olly4950
Posts: 1 Newbie
Civil Service Pension
I am retiring in March 2019, I will receive a lump sum and a pension per month.
I will be 60 on the 2nd of March 2019 and on this day I would have aquired 37yrs 4 month pension.
The question is do I retire in the month of March 2019 or would it be worth waiting till April of the new tax year? To pay less tax.
I have been told that my lump sum is tax free?
Regards
olly4950
I am retiring in March 2019, I will receive a lump sum and a pension per month.
I will be 60 on the 2nd of March 2019 and on this day I would have aquired 37yrs 4 month pension.
The question is do I retire in the month of March 2019 or would it be worth waiting till April of the new tax year? To pay less tax.
I have been told that my lump sum is tax free?
Regards
olly4950
0
Comments
-
The lump sum is indeed tax free.0
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