Effect of Civil Service Pension on Private Pension

Theshamster

Hi

I'm unsure as to how a civil service pension can affect a private pension or are they classed as completely discreet?
I have asked the question to the CSPS but they have not answered.

I left the Civil Service 10 years ago draw my CS pension with lump sum at 60 next year but I'm still working in the Private Sector.
Will this impact on my future contributions to my Private Pension?
ie : will I be limited to £10k per year contributions and will I still be able to take the tax free lump sum from my private pension when I wish to?

I welcome advice from anyone who is in a similar position.
Thanks

Marcon

If you are/were in a defined benefit scheme then drawing the pension does not limit the amount you can contribute to a defined contribution scheme. 

hugheskevi

Theshamster said:

Hi

I'm unsure as to how a civil service pension can affect a private pension or are they classed as completely discreet?
I have asked the question to the CSPS but they have not answered.

I left the Civil Service 10 years ago draw my CS pension with lump sum at 60 next year but I'm still working in the Private Sector.
Will this impact on my future contributions to my Private Pension?
ie : will I be limited to £10k per year contributions and will I still be able to take the tax free lump sum from my private pension when I wish to?

I welcome advice from anyone who is in a similar position.
Thanks

The Civil Service pension will have no particular effect.

Your Lump Sum Allowance will be reduced when you take the Civil Service pension, but it will not trigger the Money Purchase Annual Allowance of £10,000.

The pension will be taxable income, so Tax Codes will change around affecting net income. The amount of tax relief you receive might change if you move up a band as a result of the additional income.

Your private pension will be unaffected, you are still able to contribute to it, and draw from it as you wish.