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If I start taking a DB pension does it trigger MPAA????
MetaPhysical
Posts: 570 Forumite
I have two pensions for my retirement that I have not taken any income from:
1. A deferred DB scheme worth about £25k per annum.
2. A DC scheme I am currently contributing to from my employment worth about £650k. I have already contributed £11k into this DC pot this tax year.
I am retiring shortly and wish to start taking an income from the DB scheme. Will this income trigger MPAA???
Many thanks in advance!
1. A deferred DB scheme worth about £25k per annum.
2. A DC scheme I am currently contributing to from my employment worth about £650k. I have already contributed £11k into this DC pot this tax year.
I am retiring shortly and wish to start taking an income from the DB scheme. Will this income trigger MPAA???
Many thanks in advance!
0
Comments
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No........0
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No.
Is your keyboard sticking ????1 -
Thank you.Ayr_Rage said:No.
Is your keyboard sticking ????
No it isn't. What do you mean?0 -
One question mark is sufficient to indicate that a question is being asked. Why did you use four?MetaPhysical said:
Thank you.Ayr_Rage said:No.
Is your keyboard sticking ????
No it isn't. What do you mean?0 -
*CAUTION GRAMMAR POLICE*With added repeated answers.0
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Unfortunately this forum isn’t designed for simple yes / no answers.
Each post has to be a minimum of ten characters long.
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I am an Independent Financial Adviser. Any comments I make here are intended for information / discussion only. Nothing I post here should be construed as advice. If you are looking for individual financial advice, please contact a local Independent Financial Adviser.0 -
No it doesn’t.0
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U sure? ..I am an Independent Financial Adviser. Any comments I make here are intended for information / discussion only. Nothing I post here should be construed as advice. If you are looking for individual financial advice, please contact a local Independent Financial Adviser.0
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Grammar police aside, I've confirmed elsewhere that taking pension income from a DB pension does not trigger the MPAA on a DC pension held by the same person.
Thank you.0
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