Just Checking Something

GunJack

Just had a minor brain-fart

If I draw my FS pension @ 60 (NRD) but am still working and contributing to the current FS(CARE) scheme, that won't trigger MPAA, will it?

Didn't think it applied to FS schemes, but just checking

Dox

Accessing your benefits 'flexibly' is what triggers the MPPA. See https://www.pensionsadvisoryservice.org.uk/news/the-money-purchase-annual-allowance-is-dropping-to-4000-how-does-it-affect

Malthusian

...and drawing a defined benefit pension via the scheme doesn't count as "flexibly", so the answer is that it won't trigger the MPAA.

GunJack

Thanks guys, that's what I thought...plus the fact they're both DB schemes anyway...like I said, brain-fart