private pension policy

Last edited 03/2021 and last reviewed 03/2021

Practitioners may pay towards a private pension from their non superannuable income such as private work and insurance reports.

Up to 17.5% of private income, or 40% if aged 60 or over can be payed into a scheme.

It's advantage is that the amount of money paid in can be varied. It allows a practitioner to take a pension from the age of 50, but there is no lump sum.