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Retrospective Teacher Pension HELP FROM AN EXPERT NEEDED.
Lovecyprus
Posts: 3 Newbie
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.
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When did you receive your lump sum and how much was it?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.
What's the cost of buying retrospective pension for 2015-18 if paid by means of a one-off lump sum?
Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!1 -
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.0
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Also meant to say, funding this is NOT with my lump sum and I can show I had funds to invest back in 20150
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I don’t think that recycling applies to defined benefit schemes? @dunstonhLovecyprus 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.0 -
Yes it can. It's less common but the legislation still applies to it.FIREDreamer said:
I don’t think that recycling applies to defined benefit schemes? @dunstonhLovecyprus 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.Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!0
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