Taking part of lump sum pension

Expatmichali

My sister deferred collecting her State Pension and has been given the choice of either taking a lump sum or having it added to her weekly pension. She would like to take half the lump sum and have the rest added on a weekly basis. Can she do that or does it have to be either a lump sum or an additional weekly amount, please?

xylophone

https://www.gov.uk/deferring-state-pension/what-you-get

If you reached State Pension age before 6 April 2016
You can usually take your extra State Pension as either:

higher weekly payments
a one-off lump sum

Re tax

https://www.litrg.org.uk/tax-guides/pensioners/what-tax-do-i-pay-my-state-pension-lump-sum

Expatmichali

Yes, it does seem to either/or, not a mixture of both! Thanks!

SeniorSam

If in good health, the higher weekly payments may be a better choice over the longer term.

Expatmichali

I agree, it is just that she was hoping to give her kids some money now. But she has confirmed it is either/or so will have to choose.