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    • Home • Advice • Common questions

    How can I invest in a pension after retirement age 69?

    05 June 2023

    Question by Graham

    How can I invest in a pension after retirement age 69?

    Answered by Adrian Kidd

    I am assuming that you have a defined contribution pension plan and not a defined benefit plan. When you take benefits from a DC scheme, you then fall into money purchase annual allowance rules. Very simply, if you can afford to, you can contribute a maximum £10k gross to still get tax relief. You will need to still have relevant earnings to contribute this much. You can also pay £3,600 gross as a maximum contribution, without proof of earnings, until age 75 to gain tax relief. Your net contribution, to which the tax relief gets added, is £2,880 per tax year.

    Adrian Kidd

    Answered by

    Adrian Kidd

    Life Planner and EQ Coach

    I am a family man first and foremost. Everything revolves around my wife and daughter. After them, comes helping people via financial coaching or creating their own individual life plans.

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    Boring Money Ltd is a limited company registered in England and Wales under registration number 09459832 and we have our registered office at 10 Lower Thames Street, London, England, EC3R 6AF.
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