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Tax treatment on pension if below personal allowance
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Is that when you continue to make contributions to a pension scheme after you start withdrawing from it? I wouldn't be doing that but so much to learn!wjr4 said:Remember, if you take any taxable income (flexibly), you will be subject to the Money Purchase Annual Allowance.The starting point of all achievement is desire
Original Mortgage free date Oct 2038 - Mortgage free 22/03/20220 -
You might want to take a look at https://forums.moneysavingexpert.com/discussion/5580163/paying-2880-into-pension-when-retired as a part of your learning exercise. A £2880 contribution made up to £3600 by the government would be okay for you even if you've given up work and taken some taxable income from one or more of your DC pensions.fluffpig said:
Is that when you continue to make contributions to a pension scheme after you start withdrawing from it? I wouldn't be doing that but so much to learn!wjr4 said:Remember, if you take any taxable income (flexibly), you will be subject to the Money Purchase Annual Allowance.1
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