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NHS Additional Pension and paying lump sum
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This discussion was created from comments split from: Tax relief for buying NHS Additional Pension and paying lump sum.
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I was thinking of doing this as I’ve got some savings but I’m now rethinking it.
i might just pay it from earnings instead.
the only reason i was going to make a lump sum was because it looked like you pay less if you pay a lump sum.
can any one explain the reason for thatMFW August 2027
£25.06 left to pay from 10%
overpayment allowance, (May 26).
End fix on 2.79% End July 27
Mortgage free Aim August 2027
August 25 £56,400
September £55,850/£55,800
October £55,195
November £54,600, £54,562.
December £54,000
January 2026 £53,450
February £52,880
March. £52,320, £52,300
April
May
June
July
August0 -
Without knowing what you are looking at to make you think that, no - but this thread might give you the answer, since I suspect the reasoning is similar: https://forums.moneysavingexpert.com/discussion/6598144/tax-relief-at-source-worse-off#latestV3cash said:I was thinking of doing this as I’ve got some savings but I’m now rethinking it.
i might just pay it from earnings instead.
the only reason i was going to make a lump sum was because it looked like you pay less if you pay a lump sum.
can any one explain the reason for that
I've asked for your post to be split out to start a new thread, which is usually more helpful to posters than resurrecting an elderly one!Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!0
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