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Personal Pension Scheme

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Personal Pension Scheme

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by Tax Tutor.
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  • May 12, 2020 at 2:02 am #570582
    Noah098
    Member
    • Topics: 935
    • Replies: 352
    • ☆☆☆☆☆

    Sir so I just read that upon retirement pension contrn is redeemable in lump sums, so I was just wondering if a retired person(over 65 years) may remain self-employed and still claim his/her pension contrn? Is that allowed legally? Or retirement means not just attaining a number, but also ceasing all trading/employment related activities

    May 12, 2020 at 10:50 am #570614
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    A taxpayer may continue to work after reaching retirement age and continue to pay into a pension scheme but must take their pension by the age of 75

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