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Cash Balance or DB

16 Jul 2017, 14:35

Has anyone seen anywhere an explanation of what would happen to the lump sum element of the CB scheme if the amount exceeds 25% pension. Thanks

Cash Balance or DB

16 Jul 2017, 15:00

The information on the CB scheme is very thin on the ground at the moment, but the recent ‘newsflash’ on the subject did say they’ll be sending out a booklet soon.

But I would assume it will be the same as if we have more than 25% in AVC’s – it would be taxed!

Although in the case of AVC’s, I think if you transferred the residual amount to another pension you could get round that. Info: viewtopic.php?f=27&t=69013

Cash Balance or DB

16 Jul 2017, 20:40

I assumed that too.
Thanks Robert

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