Can I have a state pension and contribute to a private pension?
Yes, having a private pension doesn’t stop you receiving any state pension you are eligible for.
Pension FAQ's
Questions on your pension or how you can be making the most of it? We have all the answers here!
What happens to any remaining pension funds when I pass away?
If you pass away your pension funds will be transferred to any financial dependants or the beneficiaries of your estate.Can I consolidate all my different pensions into one scheme?
Yes, though it may require you to give up certain guarantees.Can I make pension contributions through my limited company?
Yes, in fact it is one of the most tax efficient options available, if you are not IR35 captured.When can I start withdrawing money from my limited company pension?
Under current legislation, the earliest age you can draw a private pension is 55, however, this may change to 57 in the future, although there hasn’t been any legislation currently put in place.How much can I contribute to my pension each month?
Annual pension contributions are limited in this current tax year to £40,000.What’s the smallest amount I can contribute to my pension each month?
The smallest pension contribution you can make is £1 per month.How do I make a pension contribution as a contractor?
Contractors can make pension contributions in a range of ways, the most tax efficient being employer pension contributions made through their limited company (if they are not IR 35 captured).How do I make a pension contribution as a contractor?
Contractors can make pension contributions in a range of ways, the most tax efficient being employer pension contributions made through their limited company.Is there a limit to the size of my pension?
There is no limit on the value of the pension savings you can build but if they exceed the ‘lifetime allowance’ when they are taken the difference will be taxed.
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