We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Paying into DC Pension when drawing DB Pension
roysterer
Posts: 127 Forumite
Can you pay more than 4k into a DC pension via salary sacrifice whilst drawing a DB Pension?
Or are you limited to paying in 4k max only if you are drawing pension from a DC type pension?
Appreciate some clarification from you.
Thanks
Or are you limited to paying in 4k max only if you are drawing pension from a DC type pension?
Appreciate some clarification from you.
Thanks
0
Comments
-
http://www.scottishwidows.co.uk/Extranet/Literature/Doc/FP0617
WHAT DOES NOT TRIGGER THE MONEY PURCHASE ANNUAL ALLOWANCE?
The following events do not trigger the MPAA:
• receipt of a pension commencement lump sum,
• an individual commences flexi-access drawdown, either by a new designation or through conversion of a capped drawdown
contract, and does not receive any income,
• an individual holds a capped drawdown contract that was set up before 6th April 2015, and does not receive income above the
maximum income limit for the contract after 5th April 2015,
• receipt of payment from a standard lifetime annuity or scheme pension,
• receipt of a small lump sum or trivial commutation lump sum,
• receipt of income from a dependant’s drawdown contract.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.4K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.5K Work, Benefits & Business
- 602.8K Mortgages, Homes & Bills
- 178K Life & Family
- 260.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards