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Pension Deferral
Spiritus_2
Posts: 2 Newbie
I will be 60 in a year's time and I hope to keep working.Has anyone advice as to whether it is a good idea to defer lifting my Old age pension and letting the government keep it to go towards a lump sum or should I lift it and put it in a savings account to build up?
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Comments
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If it won't have an adverse effect on your tax situation you may as well take it and save it up in your ISA so that later income from it is tax free.Trying to keep it simple...
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