![a pile of post-it notes, the top one reads 'LUMP SUM PAYMENT' in back ink. next to this is a calculator a pile of post-it notes, the top one reads 'LUMP SUM PAYMENT' in back ink. next to this is a calculator](/sites/default/files/styles/responsive_4_3_600w/public/2024-03/5_tax_on_deferred_state_pension_lump_sums._bangoland.jpg?h=2bee7303&itok=cfc4dQKS)
Tax on deferred state pension lump sums
This page explains what tax is applied to a state pension lump sum, which you might receive if you reached state pension before 6 April 2016 but chose to defer (put off) receiving your state pension until a later date....