Withdrawing from a pension

Money Purchase Annual Allowance (MPAA)

Withdrawing from a pension
Tax
Key pension facts

A lower annual allowance for contributions which generally kicks in when you start drawing benefits from your pension pot. Currently this is set at the lower of 100% of earnings or £4,000. Note that carry forward cannot be used to increase the MPAA, i.e. you can’t use unused allowance from previous years to contribute more once the MPAA has been triggered.

See also our retirement planning and tax benefits of a pension blog posts.

We’ll never leave you high and dry

Our customer support team is rated "Excellent" and is always on hand to help you during the setup process and once you have your new pension. There are 3 ways you can contact us:
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Log in to our website and chat to us

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Email us on support@myraindrop.co.uk

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Call us on 02039517253