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Is it possible to draw the state pension and still invest in a defined contributions scheme at the same time?

15 November 2021

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Question by Zak

Is it possible to draw the state pension and still invest in a defined contributions scheme at the same time? I am approaching my state pension age but want to carry on working and want to add to my pension pot up to the maximum £40000 allowance.


Answered by Kris Amliwala

Hi Zak, yes this is possible assuming you have sufficient UK relevant earnings to continue contributions into a defined contribution scheme up to £40,000, otherwise it's a £3,600 annual allowance.

Answered by

Kris Amliwala

Chartered Financial Planner

I really enjoy helping people align their wealth to their life goals and ambitions. By first spending time in understanding you, your life and your goals, before looking at cashflow planning and then if needed, any financial solutions, I find delivers the most rewards.