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Pension enquiry

Answer
Steve2008Isaac
Posted Mon, 18 Nov 2024 17:45:24 GMT by Steve2008Isaac
I have a SIPP which has a value of c £400k and an existing DCS pension with my employer - they contribute around £8k per annum to this and I contribute £3k. If I take 25% tax free from my SIPP when i am 55 in January can the contributions into my DCS continue and are there any restrictions?
Answer
HMRC Admin 20 Response
Posted Fri, 22 Nov 2024 16:55:43 GMT by HMRC Admin 20 Response
Hi,
After you have flexibly accessed your pension scheme the tax free amount payable into your pension scheme is £10,000 in 24/25.  
Pension schemes rates Money purchase annual allowance.
Thank you.

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