pensions help

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vsoe57
vsoe57 Posts: 42 Forumite
in Pensions, annuities & retirement planning
Hi just looking into the future is it possible to invest some of my lump sum back into making my yearly pension bigger in a db scheme pay out in about two years many thanks

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  • dunstonh
    dunstonh Posts: 116,534 Forumite
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    is it possible to invest some of my lump sum back into making my yearly pension bigger

    Yes. However, there are restrictions and consequences to stop it from being abused. Look up recycling rules on pensions and reduction in annual allowance.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • atush
    atush Posts: 18,730 Forumite
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    you can also find out if your scheme had reverse commutation.
  • kidmugsy
    kidmugsy Posts: 12,709 Forumite
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    atush wrote: »
    you can also find out if your scheme had reverse commutation.

    If you consider reverse commutation, I suggest you establish whether it affects your widow's pension.
    Free the dunston one next time too.
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