article_snippet.sent: ’ And Richard Murphy, director of Tax Research UK, and an adviser to the TUC, added:
article_snippet.sent: Sue James retired for a day to claim a £155,000 payout .
article_snippet.sent: This cash can be taken tax-free.
article_snippet.sent: Sue James did the same to claim a £155,000 payout.
article_snippet.sent: Under national rules, there are tax benefits applied to pension pots up to a limit, which was £1.5million until last year and has since been reduced to £1.25million.
article_snippet.sent: ’s contribution to the NHS Pension Scheme.
article_snippet.sent: North Cumbria University Hospitals NHS Trust boss Mike Walker earned more than £1million in 2012/13, including £855,000 in pension-related benefits.
article_snippet.sent: North Cumbria University Hospitals NHS Trust boss Mike Walker is also entitled to a £220,000 tax-free pension lump sum after turning 60 last October.
article_snippet.sent: At the end of 2013, Mr Walker – who has a £1.6million pension pot – was allowed to ‘flexibly retire’.