Can anyone shed any light on pensions for me?
What's the difference between a stakeholder pension and a personal pension? Is there a generally prefered option?
Beg to differ in this caseJohnD said:"Free advice is not free"
JohnD said:Not quite... the pension rules changed this year, and HMRC says they will be watching for anyone who recycles their pension lump-sum into another immediate-vesting pension as you describe for the late-life plumber![]()
Lump sum is now 25% BTW.
IIRC the Tax return asks how much money you put into a pension, and how much you took out.
I believe you can do it in the year of your retirement only.