We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Lifetime Allowance Calculation
Comments
-
Wait for the finer details and see. The Taxation of Pensions Bill is a draft and is still subject to change. All I'm saying is you might not be able to.Also, you've thrown into confusion the point about contributions after taking the lump sum. I've trawled many sites and the conclusion was that it was only if you exceeded the 25% lump sum that you'd no longer be able to contribute the full £40k per annum instead of the reduced £10k. If you just took the lump sum you'd still be able to make full contributions.
Personally I would of thought if you took a lump sum then the reduced contribution amount would kick in.Stephen Covey once said that "when you teach once, you learn twice". That is the primary reason for my participation on the forums as an IFA.
Although I strive to provide accurate information in my posts, there may be the odd time when I fail. Yes I know it's hard to believe but even Your Hero can make mistakes. Apologies in advance.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards