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Loftus · 19 Feb 20, 06:03 PM

Excuse me butting in with what should be an obvious question (but it's money so it's not to me).

I'm planning on retiring in two years and living off my DC pension until I maximise my DB pension in 2024. I have some savings, not a lot but enough to be able to dump a couple of thousand into my DC pension not long before I retire. It sounds like it would be worth doing this to attract the 25% tax relief as although I'd pay tax when withdrawing, barring a collapse in my fund - always a possibility obviously, I'd be 5% up when taking it back.

Is that correct?

19 Feb 20, 06:03 PM	#40
	19 Feb 20, 06:03 PM Loftus Imagineer
Loftus Imagineer Join Date: Mar 02	Excuse me butting in with what should be an obvious question (but it's money so it's not to me). I'm planning on retiring in two years and living off my DC pension until I maximise my DB pension in 2024. I have some savings, not a lot but enough to be able to dump a couple of thousand into my DC pension not long before I retire. It sounds like it would be worth doing this to attract the 25% tax relief as although I'd pay tax when withdrawing, barring a collapse in my fund - always a possibility obviously, I'd be 5% up when taking it back. Is that correct? Edited at 06:10 PM.