professional added years

Discussion in 'Public sector pensions' started by ABank, Jan 7, 2017.

  1. ABank

    ABank Frequent Poster

    Posts:
    37
    If I have eg 17 years of actual service plus 3 professional added years of service, under revenue rules is my service = 20 years which will enable me to maximise my tax free lump sum? Ie receive 1.5 salary tax free.
     
  2. DingDing

    DingDing Frequent Poster

    Posts:
    243
    Generally you need 40 years service to get a lump sum of 1.5 times salary.