Stuffed if I can find out the tax relief rules so hoping somebody can point me to them.
I am likely in 2 years at 60 to be receiving an annuity from an old s226 policy (an annity is probably the bestmethod due to a high guarentee. I am likely best off taking this at 60 not 65 due to my personal life expectancy. Approx 4k at 60 and 6k at 65).
I also have 3 or 4 other pensions. At retirement i expect to consolidate these and go to drawdown.
In the meantime the largest of these in my employers defined contribution scheme to which i plan to carry on contributing.
My income is in tge form of a phi payment paid to the company and then paid to me as a salary (tax and ni of course).
Based on maximising return to me i plan to contribute 1300/year and the comany 2600/year to the dc pension.
Is this still eligible for tax rates (i am trying to ensure i do not fall foul of the recyclinng provisions).
Also what happens with drawdown (should i decide to) whilst i am still receiving salary.
I am likely in 2 years at 60 to be receiving an annuity from an old s226 policy (an annity is probably the bestmethod due to a high guarentee. I am likely best off taking this at 60 not 65 due to my personal life expectancy. Approx 4k at 60 and 6k at 65).
I also have 3 or 4 other pensions. At retirement i expect to consolidate these and go to drawdown.
In the meantime the largest of these in my employers defined contribution scheme to which i plan to carry on contributing.
My income is in tge form of a phi payment paid to the company and then paid to me as a salary (tax and ni of course).
Based on maximising return to me i plan to contribute 1300/year and the comany 2600/year to the dc pension.
Is this still eligible for tax rates (i am trying to ensure i do not fall foul of the recyclinng provisions).
Also what happens with drawdown (should i decide to) whilst i am still receiving salary.
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