Over the $1.6mil cap

I am 62 and over the $1.6mil cap. I also receive a Defence pension of $32,000 under DFRDB. This pension is paid as income and taxable. Will this affect my cap?

A: The government say they will consult as to how the new rules will work for those in defined benefit pensions, such as the DRFRDB, and private pensions.

So the bottom line is unfortunately that we will have to wait and see as we have no detail.


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