Pension lump sum

NC24PH

Hi,
I get my NHS pension lump sum soon and am considering putting some into an investment ISA however I know nothing about these. I don't think I would know how to manage this myself so considering a managed account.
I will also look at putting some into a high interest account. Does anybody have any advice to offer?

dunstonh

What are your objectives?
Not taking the tax free lump sum (or a smaller amount) is often the best option.

NC24PH

I am taking my full lump sum which is tax free but I will still have a small NHS pension as I am only taking partial retirement.
I just need to put some away for when I do fully retire and hopefully build a little on this, although I know it won't make much but feel this may be better than it just sitting in my bank.

Albermarle

If your read through the forum, you will see similar questions and maybe get some ideas when you read the answers.

redpete

Have you worked out how much guaranteed NHS pension income you are giving up by taking out the lump sum?

You've suggested that you don't have immediate need for the full lump sum, so why would you take it all out?

There are threads on the MSE forums that rank instant-access and notice savings accounts, including cash ISAs.

LHW99

You have checked that you won't have to take the income part of the DB pension alongside the lump sum?