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Should i waive my right to tax free lump sum at retirement

  • 22-04-2015 4:38pm
    #1
    [Deleted User]
    Posts: 0 ✭


    I am being made redundant from my job and have the option of taking the current value of my pension lump sum payment.
    I am still 22 years from retirement. Should I accept this and waive my right to a lump sum payment tax free at retirement? Amount at the moment adds 14k to my redundancy payment?


Comments

  • #2
    CIARAN_BOYLE
    Registered Users, Registered Users 2 Posts: 14,599 ✭✭✭✭CIARAN_BOYLE


    derekeire wrote: »
    I am being made redundant from my job and have the option of taking the current value of my pension lump sum payment.
    I am still 22 years from retirement. Should I accept this and waive my right to a lump sum payment tax free at retirement? Amount at the moment adds 14k to my redundancy payment?

    You need the 14k now? If wo yes, if not definitely not.


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