We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Can I still make £40k Contributions?
Lowtrawler
Posts: 270 Forumite
I need a bit of clarity on what pension contributions I will be able to make in the future. I have a variety of defined benefits schemes that I am now a deferred member off. One of those schemes has a normal pensionable age of 60 and I would like to take the pension from that age. However, I am continuing to work through my own Company and would like to continue making payments of up to £40k per annum into my money purchase scheme through the company.
My question is, does drawing the defined benefit pension at normal pensionable age, 60, reduce the amount my company can continue paying into the personal pension after that date?
My question is, does drawing the defined benefit pension at normal pensionable age, 60, reduce the amount my company can continue paying into the personal pension after that date?
0
Comments
-
https://www.pruadviser.co.uk/knowledge-literature/knowledge-library/money-purchase-annual-allowance-mpaa/
Defined Benefit arrangements
If you receive a scheme pension from any defined benefit arrangement this will not trigger the MPAA.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards