Can you claim one pension and keep working?

OldBeanz

galaxygal said:

Hello all
I'm new to the forums:  Hope you don't mind my piggy-backing a related situation / question to this thread! 
I have an old NHS pension due to provide me with a lump sum of appx £16k next October, when I reach 60.  Thereafter, I'll receive about £5k per year...

You will be paid £416appx pcm from November through to March - 5 months £2080appx. April will be added on as well if you were born before the 5th and do not delay drawing for a few days.

Albermarle

IAMIAM said:

I have a small old company DB one - valued £100k
I have TPS one, I also have an Alpha one.

Most people would be very happy to have a guaranteed income in retirement , especially those on low to middle incomes in most private sector jobs . I would not be in such a rush to try and transfer.

Thrugelmir

IAMIAM said:

I have a small old company DB one - valued £100k

Treat it as the fixed income element of your portfolio. 

zagubov

Often you can. Sometimes not- if you take a full teachers pension, you can't work full-time in teaching afterwards (other jobs are okay for you)

jimi_man

Hi
Yes I am currently in receipt of a Public sector DB pension and working for another (Public sector) organisation. My pension uses my tax code (no NI) and then I pay BR on all my employment earnings. I leave the Higher rate tax until Self assessment time as in practice I try and pay most of the amount over the HR limit into a private pension. I also pay into my employer's pension (Alpha).

No issues at all.