I know theres the max 2/3 rule and 1.5 times final salary lump sum
Provided there is no deliberate action to overprovide you just pay the tax when you draw it down. You may be forced to draw it down if the acturies notice it.What happens if I overfund? Can I put the balance into a ARF? or just pay the tax and take it at retirement?
What the company puts into the pension fund is irrelevant in relation to what you can contribute.If you are putting 20% into AVCs and the company 13%, that's 33%. Currently at your age you are only entitled to 20% tax-free input.
I'm confusedIf you are paying in 33% then you will owe the tax-man some money right now (max tax free contribution is 20%).
My understanding is that the max contribution that is tax-free is AVC + Company Pension Contribution e.g. the company contributes 3% meaning that you can only contribute 17% tax free (for a 20% max given the OP's age)
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