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NHS Additional Pension and paying lump sum

This discussion was created from comments split from: Tax relief for buying NHS Additional Pension and paying lump sum.
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Comments

  • V3cash
    V3cash Posts: 320 Forumite
    Eighth Anniversary 100 Posts Name Dropper Photogenic
    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

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  • Marcon
    Marcon Posts: 14,939 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Combo Breaker
    edited 31 March at 9:58AM
    V3cash 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
    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#latest

    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!  
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