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'How much tax will I pay on my state pension lump sum?'

Those who reached state pension age before 2016 can claim a lump sum, but this comes with different tax rules
January 16, 2023

I wondered how a lump sum payment for deferring the state pension is taxed? I became eligible for the state pension before 2016. As the rules seem to state that the lump sum should not increase the tax rate, I am not clear on what the rate is for the lump sum. KW

 

Kevin Hollister, founder of Guiide, says:

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