Retrospective Teacher Pension HELP FROM AN EXPERT NEEDED.

Lovecyprus

I’ve asked this question on the teacher group and no one seems to know the answer for sure..so trying here. We understand the recycling rules for investing within 2 years of receiving lump sum etc.. but what are the recycling rules for buying retrospective teacher pension from the year 2015-18. Do the rules apply as it’s not within two years of receiving any lump sum. 

Marcon

Lovecyprus said:

I’ve asked this question on the teacher group and no one seems to know the answer for sure..so trying here. We understand the recycling rules for investing within 2 years of receiving lump sum etc.. but what are the recycling rules for buying retrospective teacher pension from the year 2015-18. Do the rules apply as it’s not within two years of receiving any lump sum. 

When did you receive your lump sum and how much was it?

What's the cost of buying retrospective pension for 2015-18 if paid by means of a one-off lump sum?

Lovecyprus

Haven’t received yet! Likely to in sept, don’t know how much pension will cost as the calculator on teacher pension site has been removed. We say how many blocks we want to buy and then they send us a quote. It’s a nightmare! The tax relief for the retrospective pension is 2015-2018, not 2025. It’s clearly a very specialist strand of recycling rules. 

Lovecyprus

Also meant to say, funding this is NOT with my lump sum and I can show I had funds to invest back in 2015

FIREDreamer

Lovecyprus said:

I’ve asked this question on the teacher group and no one seems to know the answer for sure..so trying here. We understand the recycling rules for investing within 2 years of receiving lump sum etc.. but what are the recycling rules for buying retrospective teacher pension from the year 2015-18. Do the rules apply as it’s not within two years of receiving any lump sum. 

I don’t think that recycling applies to defined benefit schemes? @dunstonh

Marcon

FIREDreamer said:

Lovecyprus said:

I’ve asked this question on the teacher group and no one seems to know the answer for sure..so trying here. We understand the recycling rules for investing within 2 years of receiving lump sum etc.. but what are the recycling rules for buying retrospective teacher pension from the year 2015-18. Do the rules apply as it’s not within two years of receiving any lump sum. 

I don’t think that recycling applies to defined benefit schemes? @dunstonh

Yes it can. It's less common but the legislation still applies to it.