Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

    • olly4950
    • By olly4950 6th Oct 17, 8:24 PM
    • 1Posts
    • 0Thanks
    Civil Servant Pension
    • #1
    • 6th Oct 17, 8:24 PM
    Civil Servant Pension 6th Oct 17 at 8:24 PM
    Civil Service Pension
    I am retiring in March 2019, I will receive a lump sum and a pension per month.
    I will be 60 on the 2nd of March 2019 and on this day I would have aquired 37yrs 4 month pension.
    The question is do I retire in the month of March 2019 or would it be worth waiting till April of the new tax year? To pay less tax.
    I have been told that my lump sum is tax free?
Page 1
    • Silvertabby
    • By Silvertabby 6th Oct 17, 9:01 PM
    • 2,873 Posts
    • 4,098 Thanks
    • #2
    • 6th Oct 17, 9:01 PM
    • #2
    • 6th Oct 17, 9:01 PM
    The lump sum is indeed tax free.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

35Posts Today

3,308Users online

Martin's Twitter