Paying into DC Pension when drawing DB Pension
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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
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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
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