Hi
I have some quick queries on my DB pension - Apologies I didn't find the answers in the FAQ's.
Is my DB pension on retirement age subject to tax?
(presume it is) - On my latest statement I would receive 30K per annum.
As a PAYE worker, am I entitled to a state pension on top of my company pension and is this in turn subject to tax? How much is this?
I transferred some AVCs into my current pension scheme from an old pension fund that I had...I have approx 4K in it now....How is this paid at retirement - as a lump sum? I am 43 - Should I be making extra AVC's now?
Any help much appreciated - as you can see this is not my forte!
Many Thanks
I have some quick queries on my DB pension - Apologies I didn't find the answers in the FAQ's.
Is my DB pension on retirement age subject to tax?
(presume it is) - On my latest statement I would receive 30K per annum.
As a PAYE worker, am I entitled to a state pension on top of my company pension and is this in turn subject to tax? How much is this?
I transferred some AVCs into my current pension scheme from an old pension fund that I had...I have approx 4K in it now....How is this paid at retirement - as a lump sum? I am 43 - Should I be making extra AVC's now?
Any help much appreciated - as you can see this is not my forte!
Many Thanks