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Recycling Pension ?

Lancelot6 · 2017-04-02 16:48:38

Hello, I would appreciate any help or suggestions anyone can offer me. I like a lot of other people am very confused by the re-cycling rules on pensions. Everything I read appears to refer to Defined Contribution (DC) pensions, and there does not seem to be anything referring to Defined Benefit (DB) pensions. I am 55 and…

Comments

jamesd Posts: 26,103 Forumite

10 January 2018 at 9:30AM

The lifetime allowance charge is 55% on a lump sum. It's 25%, plus any income tax, if the money is taken as income, as via drawdown. It's possible to gain more than that on the way in sometimes, say via employer matching or some salary sacrifice situations.

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