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Posted Thu, 26 Dec 2024 14:54:46 GMT 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 Mon, 13 Jan 2025 15:25:36 GMT 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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