Cookie policy notice

By continuing to use this site you agree to our cookies policy below:
Since 26 May 2011, the law now states that cookies on websites can ony be used with your specific consent. Cookies allow us to ensure that you enjoy the best browsing experience.

This site is intended for health professionals only

At the heart of general practice since 1960

Are there some large tax bills I should be planning for on retirement?

I had always understood that the lump sum payable on retirement is tax free but recently a colleague retired and found he faced a large tax bill. Is the lump sum tax free, and are there other large tax bills we should prepare for when planning retirement?

A GP in Exeter, Devon

Rate this article 

Click to rate

  • 1 star out of 5
  • 2 stars out of 5
  • 3 stars out of 5
  • 4 stars out of 5
  • 5 stars out of 5

0 out of 5 stars

Have your say