Quote Originally Posted by Deeranged View Post
I have no idea what that means. I think I heard that it can't be deferred? All I know is I get a lump sum in three years time then they start paying me every month. I want the lump sum because it pays off my mortgage and I'll then have extra money to divert to my pension pot.

I had intended Just punting the whole lot into my pension pot every year as a trade off against my salary but if there's a more tax efficient method I'd obviously really appreciate a point in the right direction. Would even buy you a pint for doing it - only one mind, I'm more or less a poor pensioner.
I don't take fees now....no licence and that would be a very naughty boy so any pint would be as a tolerable acquaintance.😁

I don't want to get into specifics but if you are a higher rate tax payer and don't need the income in 3 years but need the lump sum it maybe worth considering transferring.

You must obtain advice from a financial adviser if considering transfer, there's pros and cons Deeranged and most folks circs are unique to them, kids, wife, ex wife, partner, health, leaving an inheritance or not giving a flying, philosophy on life, employed or self employed etc etc etc..should all be considered.

If you ever need a skiffy to a couple of reputable ones, no problem.

Seen a lot of people lose a lot of money to hector inspector over the years.

Peliquins, penguins and the inland revenue can ahh stick their bills up their arse.