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    • MS_Boffin
    • By MS_Boffin 8th Mar 18, 1:01 PM
    • 2Posts
    • 0Thanks
    MPAA Trigger Question
    • #1
    • 8th Mar 18, 1:01 PM
    MPAA Trigger Question 8th Mar 18 at 1:01 PM
    I am in full time employment, contributing to my company's DC pension scheme and to a SIPP. I recently turned 60 at which point I received a lump sum and a pension from a DB pension scheme (final salaries) from a previous employment. The rules for the DB scheme did not allow me to defer the pension; I had to take it at 60. Does the fact I am in receipt of a DB pension affect the maximum contributions I can make to my occupational and SIPP schemes .... or can I still contribute up to 40,000 per year? I tried to find the answer but none of the documents I read made much sense to someone who is not a financial expert!
Page 1
    • Linton
    • By Linton 8th Mar 18, 1:13 PM
    • 9,387 Posts
    • 9,519 Thanks
    • #2
    • 8th Mar 18, 1:13 PM
    • #2
    • 8th Mar 18, 1:13 PM
    The MPAA is only triggered by taking flexible benefits from a DC scheme. Taking a DB pension doesnt give rise to any problems. This is stated in many places on the net - see here for example.
    • Brynsam
    • By Brynsam 8th Mar 18, 1:19 PM
    • 956 Posts
    • 630 Thanks
    • #3
    • 8th Mar 18, 1:19 PM
    • #3
    • 8th Mar 18, 1:19 PM
    Then link in the post above is aimed at advisers. You might find info aimed at self-confessed non financial experts easier to digest. Try this:
    • MS_Boffin
    • By MS_Boffin 11th Mar 18, 2:31 PM
    • 2 Posts
    • 0 Thanks
    • #4
    • 11th Mar 18, 2:31 PM
    • #4
    • 11th Mar 18, 2:31 PM
    Thanks Linton & Brynsam for your reassuring answers.
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