Tax Free Pension Lump sum
Hi my student loan would be written off on April 2051 and I will be 66 years of age.
If I was to retire at the age of 60 with my pension I would receive around 70k tax free lump sum and then around d 14k a year from my pension not including state pension,
When I receive my lump sum would I have to pay 9% from it ? Or does it not count ? Or do they calculate a salary as 84k for the year ??
I am so confused with it all, I really regret going to uni now as it didn’t help my career xx
If I was to retire at the age of 60 with my pension I would receive around 70k tax free lump sum and then around d 14k a year from my pension not including state pension,
When I receive my lump sum would I have to pay 9% from it ? Or does it not count ? Or do they calculate a salary as 84k for the year ??
I am so confused with it all, I really regret going to uni now as it didn’t help my career xx
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