Thom Posted April 20, 2016 Share Posted April 20, 2016 Has anyone done this? Do you take a big hit if you take your lump sum out? Quote Link to comment Share on other sites More sharing options...
Gbye grey sky Posted April 20, 2016 Share Posted April 20, 2016 Not sure you can still do this. The Government put a stop to this last year I believe. Quote Link to comment Share on other sites More sharing options...
vickyplum Posted April 20, 2016 Share Posted April 20, 2016 I worked for the NHS 2010-2012 and know that people were offered this chance, but sadly I don't have any further background... not sure if it's changed since then?! Quote Link to comment Share on other sites More sharing options...
vickyplum Posted April 20, 2016 Share Posted April 20, 2016 I worked for the NHS Apr 2010 - Dec 2012 and know that people were offered this chance, but sadly I don't have any further background... not sure if it's changed since then?! Quote Link to comment Share on other sites More sharing options...
grahamffc Posted April 20, 2016 Share Posted April 20, 2016 I hope this is true, my partner is a teacher and the UK Government contributes 20% of her income (about £9k per year) to maintain the promised benefit. Would much rather have a lump sum! Quote Link to comment Share on other sites More sharing options...
Andrew from Vista Financial Posted April 20, 2016 Share Posted April 20, 2016 (edited) Has anyone done this? Do you take a big hit if you take your lump sum out? Hello The maximum that can be taken is generally the 25% lump sum and then at that time the annual pension must commence. The lump sum is free of UK taxes however will be assessed for tax in Australia, this is typically looked at based on the growth since arrival to Australia and the date the lump sum is taken and taxed at a persons marginal tax rates. Regards Andy Edited April 20, 2016 by Andrew from Vista Financial Quote Link to comment Share on other sites More sharing options...
Thom Posted April 22, 2016 Author Share Posted April 22, 2016 I'm indebted to you again Andy. Quote Link to comment Share on other sites More sharing options...
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