TFLS in Civil Service Alpha scheme

player1_2

xylophone said:

If you are thinking that your DC pension is likely to be left as a legacy, had you considered increasing contributions to it after your deferred DB pension comes into payment in December and you continue to receive a full time salary?

That is a good idea, although I will have to be mindful of the MPAA since although the pension I will soon draw is mainly DB, the scheme was closed in 2009 and the company introduced a money purchase DC scheme, so it’s actually a hybrid. 

xylophone

That is a good idea, although I will have to be mindful of the MPAA since although the pension I will soon draw is mainly DB, the scheme was closed in 2009 and the company introduced a money purchase DC scheme, so it’s actually a hybrid. 

I remember thinking that although you described it as a hybrid, it seemed to be a rather unusual example.

I wonder is it worth checking the position with regard to the MPAA in your particular circumstances?

https://www.gov.uk/guidance/work-out-your-allowances-if-youve-flexibly-accessed-your-pension