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Posted Wed, 16 Oct 2024 09:36:52 GMT by Tony Davies
I would like to check the rules around accessing pensions. I am 55 and have a defined contribution pension that both myself and employer contribute to. Can I access the 25% tax free lump sum and leave the balance crystallised without drawing down and then open a fresh DC pension (with the same provider) and continue to contribute up to £60,000 per year, which would then generate another tax free amount of 25%? Advice on this is difficult to find but from research this seems to be within the rules.
Posted Thu, 24 Oct 2024 14:32:05 GMT by HMRC Admin 20 Response
Hi,
Please refer to Personal pensions How you can take your pension
Thank you.

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