📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Offer from Morrisons Pension

Options
13»

Comments

  • xylophone
    xylophone Posts: 45,628 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Is there any situation this could trigger the MPAA

     As I understand it, if the WULS is from a DB scheme, while it will be taxed as 25% tax free and the balance taxed as income, taking such income from a DB scheme does not trigger MPAA.


    If the WULS is from a Money Purchase Scheme, there are circumstances where MPAA would be be triggered.

  • BungalowBel
    BungalowBel Posts: 375 Forumite
    100 Posts Second Anniversary Name Dropper
    Thank you all for your helpful comments. 
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.1K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599.2K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.