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Retiring May-June 2023 - Max pension contributions?
anjo56
Posts: 16 Forumite
I am due to retire in May or June this year and am about to open a DC pension to use up unused pension allowances for this tax year (my company scheme limits the AVCs I can contribute). I want to add to the pot next year while still while still working via a single lump sum payment. What would be the maximum I could invest after 6 April Is it the £40k annual limit or is it prorata either to that amount or my salary? Thanks for your insight.
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Comments
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Unless your a very high earner, its going to be the amount of relevant earned income you earn in the two or three months before you retire in June.1
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