Earlier in the year, I took early retirement and was offered a payment by my employer which took my annual earnings over £100k and had a knock-on effect on NI as well as tax. I have not triggered my pension benefits yet and plan to do so in the new tax year. If I were to make a lump sum payment of £45k (from an Offset Mortgage savings pot), before the end of the tax year, what would be the rough implication on tax and NI? I guess I claim the 40% tax relief via next year's tax return?
Thanks
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