SSTFC
Sean_Fernyhough
Member
It is some years since I came across this after a bulk transfer has occurred. Can someone advise me on the calculation when the bulk transfer is into a scheme where subsequent new contributions have occurred - what is the treatment of the new contributions? This seems to be a relatively recent transfer that happened about three years ago.
Comments
The calculation is the same whether there has been new contributions into the scheme or not.
The ALSA part of the SSPTFC calculation effectively picks up 25% of all the new contributions.
https://www.mandg.com/wealth/adviser-services/tech-matters/pensions/lump-sum-options/scheme-specific-protected-tax-free-cash#howis
Thank you Les.