Ready, steady… save!
You don’t need a chart to join in. Here are 2 ways to record your savings:
1. Cross it off
Pop a chart into your first post. Saved an amount? Cross it out! Read more »
£0.01 £0.02 £0.03
2. Write it down
Skip the chart and add updates to your first post. Read more »
“Another +£3 saved today. Go me!”
Use +£ before each new saving so it counts towards your total.
📨 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!
Early Leavers package from BT
maisie1234
Posts: 223 Forumite
Hi, I am due to leave BT after many years service in a middle management position and need to think about requesting the lump sum and starting to draw my pension.
My lump sum will be in excess of £170k. My pension will be approx. £22k per year. I will also be getting a paid part time role earning approx £12k per year.
The first £30k of the leavers payment will be tax free and the rest I will take over the following 2 years.
Is there anything I need to be aware of regarding taking the high lump sum. I was going to take it ALL and then start investing etc. Is there some tax efficient ways of doing this please.
Please go slowly with me. All of this pension marklarky is new to me!
My lump sum will be in excess of £170k. My pension will be approx. £22k per year. I will also be getting a paid part time role earning approx £12k per year.
The first £30k of the leavers payment will be tax free and the rest I will take over the following 2 years.
Is there anything I need to be aware of regarding taking the high lump sum. I was going to take it ALL and then start investing etc. Is there some tax efficient ways of doing this please.
Please go slowly with me. All of this pension marklarky is new to me!
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.9K Banking & Borrowing
- 254.9K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.4K Work, Benefits & Business
- 606.1K Mortgages, Homes & Bills
- 179K Life & Family
- 263.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards