JT0475
LE
Morning troops
Sorry if this question has been asked before - I've had a quick trawl through the thread and couldn't see any topics that appeared to deal with my question.
I did just over 14 years pensionable service on the AFPS75 scheme, so obviously cannot take this until I am 60. However, as a higher rate taxpayer, if I take the pension then, it will obviously have implications on my tax liability. I am (ahem) a few years shy of this yet but obviously one does like to start thinking about the future. If there is a rule that I have to take it at 60, then I may have to consider asking my employer (assuming I am still blessed with working for them) to reduce hours, otherwise there is not much point in having it.
So my question is, do you have to request it to kick in for when you reach 60, or can you leave it accruing, and put your papers in at a later date that better suits - I am contemplating a couple more years after reaching that age at least/most (depending on one's world view)
Ta very much in advance
Sorry if this question has been asked before - I've had a quick trawl through the thread and couldn't see any topics that appeared to deal with my question.
I did just over 14 years pensionable service on the AFPS75 scheme, so obviously cannot take this until I am 60. However, as a higher rate taxpayer, if I take the pension then, it will obviously have implications on my tax liability. I am (ahem) a few years shy of this yet but obviously one does like to start thinking about the future. If there is a rule that I have to take it at 60, then I may have to consider asking my employer (assuming I am still blessed with working for them) to reduce hours, otherwise there is not much point in having it.
So my question is, do you have to request it to kick in for when you reach 60, or can you leave it accruing, and put your papers in at a later date that better suits - I am contemplating a couple more years after reaching that age at least/most (depending on one's world view)
Ta very much in advance
