Hi Carl, I've been binge watching your videos. So, as a retiree, not working, no pension or ISA but some cash, I could put £2880 into a pension and the government will top it up to 3600.00. How long would I have to hold that pension before I could draw the 3600 out? Immediately? Thanks.
Yes as long as you under age 75. Can’t contribute to a pension after age 75. No time frames on holding it although you may have to wait a few weeks to see the tax relief top up applied. Depends on the provider.
Hello, anyone help?. When hmrc consider if you have significantly increased pension contributions, for the purpose of recycling is the assessment against the total of all contributions ( employer +personal) over all pensions(DC and dB) for each of the 5 years (2 before, the tax year possible pcls invested and 2 years after)?
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Another good video ..but I really miss your long videos with examples and details explanation .
Excellent video. Touched on basically everything.
Hi Carl, I've been binge watching your videos. So, as a retiree, not working, no pension or ISA but some cash, I could put £2880 into a pension and the government will top it up to 3600.00. How long would I have to hold that pension before I could draw the 3600 out? Immediately? Thanks.
Yes as long as you under age 75. Can’t contribute to a pension after age 75. No time frames on holding it although you may have to wait a few weeks to see the tax relief top up applied. Depends on the provider.
Hello, anyone help?. When hmrc consider if you have significantly increased pension contributions, for the purpose of recycling is the assessment against the total of all contributions ( employer +personal) over all pensions(DC and dB) for each of the 5 years (2 before, the tax year possible pcls invested and 2 years after)?
. . . but what if your pension is a DB one?
DB pensions have different rules so being able to contribute to a DB scheme after leaving the firm is highly unlikely.
Yeah right!