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Gmp Equalisation

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Comments

  • snowlaser
    snowlaser Posts: 50 Forumite
    Second Anniversary 10 Posts Name Dropper
    Marcon said:
     Is there any easy way of avoiding the tax hit or do I just have to take it on the chin? 
    Just a passing thought - you refer to 'taking the tax hit on the chin' but as you weren't actually expecting anything, you are still better off...

    Had the transfer been correctly calculated in the first place the extra money would have been part of your pension pot, subject to tax when you retired.  As it is the error amount is being paid now not at retirement age, so it is being taxed now, that's all.
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