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Posted Thu, 14 Nov 2024 21:38:43 GMT by Sheff_D
Hi, I have the option of some (or all) my redundancy payment to be paid into my pension at the time I receive my severance pay. What is the advantage my company doing this now vs. making a voluntary contribution a few months later? Is it just that they work out the tax for me instead of having to fill out a self assessment or write to HMRC later to claim the tax back? Thanks!
Posted Mon, 18 Nov 2024 15:25:35 GMT by HMRC Admin 17 Response

Hi ,
 
You are seeking financial advice and we cannot provide this. 

You should discuss this with your pension provider.

Thank you .
Posted Mon, 18 Nov 2024 18:57:46 GMT by Sheff_D
Hi, I don't require advice as such. I'd just like to know the admin required for each choice if that makes sense? Thanks
Posted Fri, 22 Nov 2024 17:09:39 GMT by HMRC Admin 20 Response
Hi,
We only provide you with links to the guidance.  
You will need to speak to your pension provider about how to pay extra into your pension.
Thank you.

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