Pension lifetime allowance - when to stop contributing?
Discussion
3/4 of my pot is from a DB scheme so only whole pot so only 1/4 has market risk, but even so I see the benefit of de-risking and withdrawing cash closer to retirement.
My employer gives generous contributions so I could hit the limit before age 60 even with modest performance. Thanks for the formula swatches.
I have been paying in AVCs rather than ISAs recently primarily because I'm able to use the DC pot to pay for the 25% tax free cash from the DB scheme. I wanted to lock that in last year whilst HRT relief and my job was under threat. I think it might be time to stop AVCs but it seems a waste to not take up the opportunity whilst I'm still so far from the allowance limit.
My employer gives generous contributions so I could hit the limit before age 60 even with modest performance. Thanks for the formula swatches.
I have been paying in AVCs rather than ISAs recently primarily because I'm able to use the DC pot to pay for the 25% tax free cash from the DB scheme. I wanted to lock that in last year whilst HRT relief and my job was under threat. I think it might be time to stop AVCs but it seems a waste to not take up the opportunity whilst I'm still so far from the allowance limit.
Gassing Station | Finance | Top of Page | What's New | My Stuff