Jordan Belfort
Registered User
- Messages
- 71
My DB pension has been "parked" and all new contributions will be to a new DC scheme with same employer.
Company pension providers told us that due to "revenue rules" the old DB and new DC are linked and cannot be drawn down at different times/ages.
A friend in another company was told that the revenue rules don't necessarily rule out drawing down two pension from same employer at different ages.
Is there a hard revenue rule on this or does it depend on the details of the schemes?
What are the key criteria to allow the old DB and new DC to be treated as 2 different pensions ?
Thanks.
Company pension providers told us that due to "revenue rules" the old DB and new DC are linked and cannot be drawn down at different times/ages.
A friend in another company was told that the revenue rules don't necessarily rule out drawing down two pension from same employer at different ages.
Is there a hard revenue rule on this or does it depend on the details of the schemes?
What are the key criteria to allow the old DB and new DC to be treated as 2 different pensions ?
Thanks.