25% Tax Free on WHAT?

xylophone

I have only contacted one fund direct and that is the largest of all (75K)

I'm 62 at the moment and need to get things in better perspective. The only thing I am clear about is I have one pension (the largest) payable now as it was available at 55.

Is 75k the CETV? Who is the pension provider?

Have you made a list of all the pensions including the type of pension (Defined Benefit/Defined Contribution) and current value?

I don't want to get in the position where I get taxed more because some pensions are payable whilst I still work, its a dilemma which I am unclear at the present.

As you are intending to continue to contribute to a DC pension you don't want to fall foul of the MPAA either.


See https://www.pruadviser.co.uk/knowledge-literature/knowledge-library/money-purchase-annual-allowance-mpaa/

https://www.pruadviser.co.uk/knowledge-literature/knowledge-library/small-pots-defined-benefit-trivial-commutations/

With regard to your DC pensions, you might find an appointment with Pension Wise of use

https://www.pensionwise.gov.uk/en

but if you want actual advice you will need to consult an Independent Financial Adviser and pay for it.


https://adviserbook.co.uk/