- Helping members of occupational pension schemes to better understand their benefits.

21st May 2019
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This thread: Money Purchase Annual Allowance (MPPA) ã40k or ã10k? Post No.
24/02/2017 12:29

Post Count: 1
Join Date: 24/02/2017

Does the reduced allowance of £10,000 annual contribution to a money purchase scheme (from £40,000) apply - if I take a final salary income from a previous employers scheme. 

I plan to continue working for another 3 years and this pension can be drawn now without penalties, with a cash free lump sum option also.

My understanding is this allowance reduction only applies if i draw income from a pension pot.

I just want to be sure that drawing this final salary income doesnt restrict my present company contributions.

02/07/2018 22:25

Post Count: 1
Join Date: 02/07/2018

 this is very similar to the question I have but I see youve had no joy as yet


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