Contributing to NEST and Personal Pension in same tax year

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Paralytic replied

7 April 2020, 10:17
Originally posted by northernladuk View Post

*cough* It's also 20 years old *cough*

I guess these might not exist any more then

A better link, that confirms there should be no issue:

Personal Pensions - The Pensions Advisory Service

There are no restrictions on the number of different pension schemes that you can belong to, although there are limits on the total amounts that can be contributed across all schemes each year, if you're to receive tax relief on contributions.
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northernladuk replied

7 April 2020, 10:14
Originally posted by Paralytic View Post

It should be ok, but depends on type of pension.

If it is a group monetary plan, you cannot contribute to both. See: Can I have two pensions? | This is Money

It sounds like these are two personal/group pension plans, so should be ok.

I saw that but it's the one and only link I could find that mentions it. Every other one says fine but not exceeding limits. I think that's probably a very poor answer.

*cough* It's also 20 years old *cough*
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Paralytic replied

7 April 2020, 10:11
Originally posted by aligning2020 View Post

I have a new PAYE role and a new NEST pension via my employment agency. I put a weekly employee contribution into this in order for the employment agency to make their contribution. In any given tax yeah, I’d like to continue contributing to my existing personal pension alongside this. Does anybody know if this is allowed? Thanks.

It should be ok, but depends on type of pension.

If it is a group monetary plan, you cannot contribute to both. See: Can I have two pensions? | This is Money

It sounds like these are two personal/group pension plans, so should be ok.
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aligning2020 replied

7 April 2020, 09:54
Can’t come off the PAYE unfortunately.
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northernladuk replied

7 April 2020, 09:41
Would it be possible to try come off the PAYE you are on and go via a brolly that will pay in to any pension you want? Or at least allow you to make unlimited payments to the pension they chose?
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aligning2020 started a topic Contributing to NEST and Personal Pension in same tax year

7 April 2020, 08:16
Contributing to NEST and Personal Pension in same tax year

I have a new PAYE role and a new NEST pension via my employment agency. I put a weekly employee contribution into this in order for the employment agency to make their contribution. In any given tax yeah, I’d like to continue contributing to my existing personal pension alongside this. Does anybody know if this is allowed? Thanks.
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