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Money Purchase Annual Allowance
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Moots2024
Posts: 34 Forumite
A very basic query. Please bear with me.
Am I correct in my understanding that the MPAA applies as a limitation on payments INTO a pension pot? I am retiring and with no intention to be making any further payments into any pension pots of any kind. Given that am I correct in thinking that the MPAA is not something I need concern myself with?
Many thanks.
Am I correct in my understanding that the MPAA applies as a limitation on payments INTO a pension pot? I am retiring and with no intention to be making any further payments into any pension pots of any kind. Given that am I correct in thinking that the MPAA is not something I need concern myself with?
Many thanks.
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Yes, although it only limits contributions to a defined contribution scheme, not defined benefit (final salary/CARE) schemes.Moots2024 said:A very basic query. Please bear with me.
Am I correct in my understanding that the MPAA applies as a limitation on payments INTO a pension pot? I am retiring and with no intention to be making any further payments into any pension pots of any kind. Given that am I correct in thinking that the MPAA is not something I need concern myself with?
Many thanks.2
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