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Pension lump sum - UC automatically zero in January?
Comments
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Yes 25% was tax free and didn't show on HMRC PAYE. 75% showed and had tax deducted at 20%.calcotti said:
It is income for tax purposes. Out of interest, is some of this lump sum tax free?desperate_times said:Well it may be classed as capital for UC purposes but it is income on my HMRC page despite being a pension lump sum - I can see the word income four times. I hope NedS is right though and not passed along to UC as it is unearned income.
As Ned says, would be interested to hear what happens in January.0 -
Glad to know UC processed correctly. Thanks for reporting back.Information I post is for England unless otherwise stated. Some rules may be different in other parts of UK.0
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