Private pension query

[Deleted User]

Hi all.

I had a look at this part of the Forum but couldn't see anything on this point, so apols if its already here somewhere.

Mrs Wild Rover is in receipt of her teachers pension. As she worked in the private sector for a while too, she also has a private pension pot. When she started working in the public sector, she left the private one alone.

Does her teachers pension being claimed and paid in any way affect the choices available to her about what to do with her private pension? (The info I found on the web is very much written on the basis that the pension pot being referred to in any articles are the only one a person has. Maybe I've just been looking in the wrong place. )

Cheers,

WR

xylophone

The only pension your wife is receiving is her scheme pension?

If so, and she is concerned about MPAA this will not affect her.
http://www.pruadviser.co.uk/content/knowledge/technical-centre/money_purchase_annual_allowance_mpaa/#

If her private pension is a DC arrangement without any guaranteed benefits see


https://www.pensionsadvisoryservice.org.uk/about-pensions/pension-reform/freedom-and-choice

kidmugsy

Wild_Rover wrote: »

Does her teachers pension being claimed and paid in any way affect the choices available to her about what to do with her private pension?

(i) Is there any chance she could violate her Lifetime Allowance?

(ii) Some people would argue that having the secure income from TPS would justify her choosing to invest in a high proportion of equities in her money purchase pension.