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Original poster

Pension lump sum and child benefit

1 reply

partystress · 15/02/2021 21:10

I earn just below the threshold where I would need to repay child benefit. In March, I will be 60 and recieve a lump sum from an occupational pension. I'm not stopping working yet and I know next tax year I will need to either not claim or repay CB in full as pension and salary will total more than the threshold.

Will the lump sums be counted in this year's income - ie will I need to repay this year's CB too?

Many thanks.

OP posts:
Sunseed · 15/02/2021 22:08

No, the tax free pension commencement lump sum is not income.

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