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.