mcjocko5 Donaldson
Joined: 8/28/2024
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DB Pension in payment
Hi, I am thinking of taking my DB Pension shortly with a 25% lump sum. I am going to put the DB lump sum into an ISA, to invest for the future. With my income from my DB pension, I am thinking of increasing my pension payments via my employer into my DC pension Pot. it is a salary sacrifice scheme and thus expect to get the 20% tax allowance and 17% NI allowance to do this. is there any reason why I could not do this as I am not using my lump sum. but just using my taxable pension income. Kind Regards Adam