Topic: | Re:Re:Re:Re:Re:Re:Re:Re:Re:Taking my State Pension - help please ! | |
Posted by: | Stephen Gould | |
Date/Time: | 09/05/15 11:35:00 |
Maggie, sorry to answer your question with a question, but isn't it all taxable ( if you go over your allowance)whether drawn weekly or deferred and taken in one. One thing I did find is that if you defer then take a lump sum it will earn 2% interest for the year. If you leave it in to add to pension, approximately 10% would be added to your pension for every year deferred. So if pension is approx 5000.00 p.a it would take 10 years to get that back. Please, anyone, correct me if I'm wrong. |