DualPublicPriva
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Perhaps experts here could help me understand how much lump sum drawdown amounts are allowed with a DB pension, alongside a PRSA from a separate employment?
Say for example, my DB pension entitled me to take x1.5 final salary (150k). Could I maximise the amount in the separate PRSA, in order to drawdown an additional 50k tax free lump sum, and an additional 300k lump sum at 20% tax?
Also, would it matter which of the two pensions (DB v PRSA) was drawn down first, in terms of lump sum amounts allowed?
Say for example, my DB pension entitled me to take x1.5 final salary (150k). Could I maximise the amount in the separate PRSA, in order to drawdown an additional 50k tax free lump sum, and an additional 300k lump sum at 20% tax?
Also, would it matter which of the two pensions (DB v PRSA) was drawn down first, in terms of lump sum amounts allowed?