Is it possible to draw the state pension and still invest in a defined contributions scheme at the same time?
15 November 2021
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.
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