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Pension Triviality Rules - How to Make Money!
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dunstonh wrote:Nope, nothing to do with carryback.
You have the current tax year and the next two to make contributions ready for the new rules.
Thank you - I was being stupid! But I am learning a lot from you though!0 -
Paul_Varjak wrote:The question I have is: Can I get a pension now, cash-in the entire pension pot on, say, April 6, 2006 (assuming I was 60 by then) and then use that money to buy another pension (with all the tax-saving benefits) and keep doing this until I am 75?
Are the triviality rules just a one-off benefit?0 -
Thanks, isasmurf!
If I could think of this within minutes of reading about SIPPS for the first time - I thought the legislators would have realised the possible loopholes too!
Anyway, will have to put a note in my diary for when I hit 59 to at least do what dustonh suggests!
Meanwhile, back to the ISAs!0 -
Other sources seem to think the figure is £18,000. The link with the minimum is being broken in April 2010, and the current figure of £18K remains.0
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The figure was £15,000 when the posts were made. It's currently £18,000 and proposed changes will keep it at that instead of reducing it to £15,000 when the lifetime allowance is reduced to £1.5 million in proposed legislation.0
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