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Posted Wed, 08 Jan 2025 14:15:42 GMT by Kasia0852
We have received a letter from pension provider to arrange the pension lump sum payment but this employee left the company. The letter includes calculation of net payment to employee and tax deduction. What is the way to process this? Can we pay net sum directly to employee's bank account and tax amount to HMRC ?
Posted Tue, 21 Jan 2025 10:39:35 GMT by HMRC Admin 8 Response
Hi,
You can process this as a payment after leaving, if you use a third party software you would need to contact them for guidance on how to process this.
Thankyou.

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