How so? Correct me if I'm wrong but surely if you put the tax-free lump sum straight into an investment fund, you'll only be paying 23% on the growth and 0% of the capital when you take money out of it. If you leave the money in your general fund you'll be paying income tax on any benefit you get from it.But if he lives for a good number of years then he may have chosen the correct option.
How were you able to comment thus so?Friday said:Afraid, I don't have that level of detail.
Friday said:I told him I felt this was a mistake as the tax free treatment of the gratuity made this more attractive than the net pension after tax he would have foregone.
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