It looks likely that my small independent school will be leaving the TPS in September. The new pension has a 19% employer contribution and 10% employee contribution and is defined contribution.
I am 52 and looking to retire in about 4 years time. I have 30 years full time contributions to the TPS. I have some investments (mixture of savings, shares and a BTL) that I get an income from that I can live off along with DH wage.
My question is, can I pay the whole of my teacher salary into my new pension each month to max it out ready to retire in 4 years and use my tax allowance on reducing the tax I pay on my investments?