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pensions help
vsoe57
Posts: 42 Forumite
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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Comments
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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.0 -
you can also find out if your scheme had reverse commutation.0
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