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Posted 3 months ago by Nick Clasper
I am due to retire this year from a defined benefit pension scheme and will take my full lump sum which will result in a portion being subject to tax. Am I right that the taxable element of the lump sum will be included as taxable income for Child Benefit purposes?
Posted 2 months ago by HMRC Admin 8 Response
Hi,
Yes that will be included in your adjusted net income:
Personal Allowances: adjusted net income
Thankyou

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