Pay into employer pension scheme while simultaneously drawing down from an ARF

[fayf]

Scenario:
A person has commenced drawing down their ARF,(AMRF has been actioned + 25 % tax free lump sum taken re DC scheme).

if they, subsequently, take up a new employment, can they continue the above DC drawdown, and at the same time, contribute to that new employers pension scheme if it is:

1) private company DC scheme

2) public organisation DB scheme,such as HSE

 

[LDFerguson]

Yes and yes, on the assumption that they're not too old to join the schemes.

 

[fayf]

Yes and yes, on the assumption that they're not too old to join the schemes.

Thanks for the clarificatiin. They are mid 50’s so no issue there.

in scenario 1) Private Company,DC Scheme

when the person leaves that position, theywould be entitled to 25 % of that pension scheme total, (Tax free)and The balance goes to a 2nd ARF, and nothing to AMRF, as that criteria had previously been satisfied?

 

[LDFerguson]

in scenario 1) Private Company,DC Scheme

when the person leaves that position, theywould be entitled to 25 % of that pension scheme total, (Tax free)and The balance goes to a 2nd ARF, and nothing to AMRF, as that criteria had previously been satisfied?

That's correct. Or they can usually top up the existing ARF rather than creating a new one.

 

[fayf]

That's correct. Or they can usually top up the existing ARF rather than creating a new one.

Thanks Liam