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Commutation Rate
sheslookinhot
Posts: 2,437 Forumite
How is the commutation rate defined, pre or post tax ?
Mortgage free
Vocational freedom has arrived
Vocational freedom has arrived
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Pre tax. But are sure you are asking the right question? - the commuted lump sum is tax free, with the reduced pension deemed taxable income.0
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Pre tax, you give up £1 of taxable pension for £x of tax free lump sum.0
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Yes, I was meaning is the Tax free lump sum divided by the reduced pension before tax or after tax to arrive at the commutation rate.Silvertabby wrote: »Pre tax. But are sure you are asking the right question? - the commuted lump sum is tax free, with the reduced pension deemed taxable income.Mortgage free
Vocational freedom has arrived0 -
Pre tax .0
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