237017797947
Joined: 9/8/2024
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RE: NI Contribution while I lived in UK
You may also want to consider increasing your NI contributions voluntarily to 10 years, so you get some state pension at state retirement age. -
RE: QROPS 5 Year Tax Rule
In 2014 I moved abroad and ceased to be resident for UK tax purposes. In late 2014, after moving abroad, I transferred by UK personal pensions to a QROP to my new place of residence. In 2022 I drew my 30 per cent lump sum from the QROP and started to draw my monthly pension from it. In 2023 I returned to the UK and became UK tax-resident again. My question is this. I should like to pay into a UK personal pension. Does my drawing down on QROP trigger the drop in the Money Purchase Annual Allowance to £10,000? Or can I contribute up to £60,000? Adrian