They seem to be describing a <a href="http://www.mycompanypension.co.uk/What-is-a-Defined-Benefit-Scheme-with-a-Money-Purchase-Underpin-Preserved-Members-DB" rel="nofollow">defined benefit scheme with money purchase underpin</a>. How did you accumulate the AVCs? Additional voluntary contributions by...

Muscle750, both those in the public and private sector can retire whenever they can afford it. It's common here to discuss with people how to achieve their retirement age objective. It's likely that I will have retired before 60 and maybe before 55 even though I don't have a DB pension. I chose to i...

She can take a 25% tax free lump sum from it all if she likes. The rest would go into a crystallised money drawdown account from which all withdrawals are taxable income. She can take up to her personal allowance from that with no tax due, though it will be deducted and a refund claim needed the fir...

Muscle750, both those in the public and private sector can retire whenever they can afford it. It's common here to discuss with people how to achieve their retirement age objective. It's likely that I will have retired before 60 and maybe before 55 even though I don't have a DB pension. I chose to i...

She can take a 25% tax free lump sum from it all if she likes. The rest would go into a crystallised money drawdown account from which all withdrawals are taxable income. She can take up to her personal allowance from that with no tax due, though it will be deducted and a refund claim needed the fir...

Do be sure to use your income tax personal allowance and also consider some use of VCTs, perhaps to eliminate income tax on your whole basic rate income, allowing faster move from pension to ISA. Not sure why you'd delay drawing on taxable pension money unless you know you can never have an income t...

Do be sure to use your income tax personal allowance and also consider some use of VCTs, perhaps to eliminate income tax on your whole basic rate income, allowing faster move from pension to ISA. Not sure why you'd delay drawing on taxable pension money unless you know you can never have an income t...

“ we also paid NI for all those years and because we were opted-out we get less pension at 67 (same retirement age as everyone else) then people who havent worked a day in their life, so perhaps get your facts right <a href="/showthread.php?p=71997151#post71997151" rel="nofollow" title="View ...

Thanks, that's good news, better, cheaper for you, than I thought. Assuming that you've been signing on and looking for work you should also get one year of credit for this tax year, with an option to pay a little for any shortfall when not considered to have been looking. Up to you whether to conti...

One Pound of income per 36 Pounds spent? That's a horrible rate. Better to take it tax free and use it to fund deferring the state pension. Or get familiar with P2P lending where 10% or so after allowing for possible bad debt is available. Taking a tax free lump sum from a pension has no effect, nor...