Early Leavers package from BT

Hi, I am due to leave BT after many years service in a middle management position and need to think about requesting the lump sum and starting to draw my pension.


My lump sum will be in excess of £170k. My pension will be approx. £22k per year. I will also be getting a paid part time role earning approx £12k per year.


The first £30k of the leavers payment will be tax free and the rest I will take over the following 2 years.


Is there anything I need to be aware of regarding taking the high lump sum. I was going to take it ALL and then start investing etc. Is there some tax efficient ways of doing this please.


Please go slowly with me. All of this pension marklarky is new to me!