Hi. I wonder if I could ask a bit of advice. Whilst in a Trust Deed would I be permitted to join into a work pension scheme or would this have implications for my trust deed?
Hi TDA. Thanks for your reply. Yes my employer would be contributing to the scheme on my behalf but it is my understanding that I would also be expected to contribute to this too and this would be taken from my salary before tax and other contributions. I wasnt sure if I should wait until my TD has ended before starting this however I would still be able to make my contributions to my TD.
Newbie.....
I was already a member of my Works Pension when I started my PTD, my Trustee had no issue with me being in it or remaining in it whilst in my Trust Deed......
Hi again Newbie65.
I don't think there will be an issue with making a modest contribution into your pension.
Where it could cause a problem might be if you choose to make such a pension contribution but the amount you are paying means you cannot make your full trust deed payment any longer.
If you are diverting a modest amount of money from other areas of your budget that probably will not be a problem, though you could seek some reassurance from your trust deed firm if you want to be certain.
I will do that, thank you for your advice once again ๐