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Sam
Sam, Accountant
Category: Tax
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Does anyone have knowledge on deferred state pensions and the

Customer Question

Does anyone have knowledge on deferred state pensions and the tax issue
Submitted: 3 years ago.
Category: Tax
Expert:  TonyTax replied 3 years ago.
Hi.

I can help with that. What is your question?
Customer: replied 3 years ago.
I am 65 and deferred my uk state pension at 6o. I hope to work for few more years,if I leave my lump sum until I retire how much tax will I have to pay on the lump sum. I am a 20percent tax payer. When I retire my income will be state pension plus private pension of aporox 5k per annum. To be honest I did not realise that the state pension was taxable.thank you lynda
Expert:  TonyTax replied 3 years ago.
I've answered your question here.