Just Checking Something
GunJack
Posts: 11,673 Forumite
Just had a minor brain-fart
If I draw my FS pension @ 60 (NRD) but am still working and contributing to the current FS(CARE) scheme, that won't trigger MPAA, will it?
Didn't think it applied to FS schemes, but just checking
If I draw my FS pension @ 60 (NRD) but am still working and contributing to the current FS(CARE) scheme, that won't trigger MPAA, will it?
Didn't think it applied to FS schemes, but just checking
......Gettin' There, Wherever There is......
I have a dodgy "i" key, so ignore spelling errors due to "i" issues, ...I blame Apple
0
Comments
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Accessing your benefits 'flexibly' is what triggers the MPPA. See https://www.pensionsadvisoryservice.org.uk/news/the-money-purchase-annual-allowance-is-dropping-to-4000-how-does-it-affect0
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...and drawing a defined benefit pension via the scheme doesn't count as "flexibly", so the answer is that it won't trigger the MPAA.0
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Thanks guys, that's what I thought...plus the fact they're both DB schemes anyway...like I said, brain-fart......Gettin' There, Wherever There is......
I have a dodgy "i" key, so ignore spelling errors due to "i" issues, ...I blame Apple0
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