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NHS Additional Pension and paying lump sum
System
Posts: 178,390 Community Admin
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 2027
£108.81 left to pay from 10%
overpayment allowance, (July26).
End fix on 2.79% July 27 // MFW AIM July 2027
Mortgage free Aim July 2027.
July 25 £57,000, £56950
August 25 £56,400
September £55,850/£55,800
October £55,195
November £54,600, £54,562.
December £54,0000 -
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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