Pension, Limp sum and Annual Allowance
in Pensions, annuities & retirement planning
2 replies 193 views
I am due to receive a pension from my DB scheme in the next few months. I can take part of this as a tax free lump sum. I also have a DC scheme that I plan to continue to contribute into for a number of years. Will taking the lump sum from the DB scheme reduce my annual allowace down from £40k to £4k (or £60k to £6k when the new rules come in).
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