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Where Taxpayers and Advisers Meet

Collecting pension in Oct

rks2018
Posts: 31
Joined: Sun Sep 16, 2018 1:27 pm

Collecting pension in Oct

Postby rks2018 » Sat Mar 21, 2020 5:45 pm

Like to know if anyone can advise please.
I am collecting one part of my pension when I'm 60byhis October. I will still be working after till at least 65. I also have another pension which will be due 5 years later all with same company.
Is there a limit to how much I. Can pay into avc 's? Each year. I' m thinking that when I collect my 65 pension I can convert the extra I paid into Avc's into pension and not increase any of my lump sum payouts which I believe must be at or below 25% of my pot to be tax free.
At age 60 my total income will be about 62k an increase of 12k so I guess I'll be paying 40%on the 12k?

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