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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

DB pension. Can I take 25% lump sum plus this years personal allowance (no income) all tax free?

124»

Comments

  • Albermarle
    Albermarle Posts: 31,588 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Frances63 said:
    Thanks Molerat.  Is that for Real? Why is that? 
    Is it right I can pay back any missing amount several years later? 
    It's just that the state pension forecast online is a bit behind so I have no idea what top up I need to pay until after the 'half' year is over. And I thought then half years didn't count towards the pension but had to be a full year?
    The best bet is to call these people and they will be able to tell you exactly what your situation is .

    Contact the Future Pension Centre - GOV.UK (www.gov.uk)
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.6K Banking & Borrowing
  • 254.5K Reduce Debt & Boost Income
  • 455.5K Spending & Discounts
  • 247.5K Work, Benefits & Business
  • 604.4K Mortgages, Homes & Bills
  • 178.6K Life & Family
  • 262K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.