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MPAA

Sharktail · 2022-12-31 10:55:50

Hi all will finish work July 2023 I had intended to input my whole salary that year up until the point I’m no longer working , so my question is I’m aware I’ll trigger the MPAA upon purchasing an annuity ,does the MPAA come into force for the full financial year or the point I access pension thanks

Comments

Sharktail Posts: 51 Forumite

1 January 2023 at 6:50PM

patsy43 said:

why get a annuity a sipp is better and left over monney can be pass on

Buying an 8 year fixed term annuity if I die during the term the remainder of the capital is passed on to NOK the annuity provision means I get through to state pension & DB pension , I’m also only using half of my sipp to purchase annuity

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