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Taking lump sum effect on pension?
catford
Posts: 1,114 Forumite
I am considering taking a lump sum and a reduced pension from an old personal plan.
I will be 60 in May and still work,but wonder what effect it will have on my state pension when I retire.
Can anyone tell me please.??:D
I will be 60 in May and still work,but wonder what effect it will have on my state pension when I retire.
Can anyone tell me please.??:D
0
Comments
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Taking the personal pension will have no effect upon the amount of your State Pension as the State Pension is not means-tested.
If your total income from all sources is above your personal tax allowance, you will have to pay tax on your income.(AKA HRH_MUngo)
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