if you are currently part of a occupational DC plan with low fees:
1) Could you add a lump sum contribution over your age-related tax relief right before leaving and then carry forward your tax relief into a future job?
2) 45 year old adds 50k to their low cost DC plan over and above their normal AVC amount in 2021. Quits in 2022. New job has no pension plan option, but can the person now apply 25% of whatever pay they get to the 50k lump sum for tax relief?
3) Would this mean at age 50+, the low cost plan can be accessed?
4) If you are close-ish to being able to access from age 50 on, would this be a way to increase investments without going outside of tax wrapper(with deemed disposal/CGT taxes, etc.) and increasing a larger 25% tax-free lump sum?
1) Could you add a lump sum contribution over your age-related tax relief right before leaving and then carry forward your tax relief into a future job?
2) 45 year old adds 50k to their low cost DC plan over and above their normal AVC amount in 2021. Quits in 2022. New job has no pension plan option, but can the person now apply 25% of whatever pay they get to the 50k lump sum for tax relief?
3) Would this mean at age 50+, the low cost plan can be accessed?
4) If you are close-ish to being able to access from age 50 on, would this be a way to increase investments without going outside of tax wrapper(with deemed disposal/CGT taxes, etc.) and increasing a larger 25% tax-free lump sum?