Is it possible to take out two pension funds?

[frederick_9]

Although there are caps on the total sums that can be donated annually to all pension plans if you want to receive tax relief on your contributions, there are no restrictions on how many distinct pension plans you can be a part of.
Personal pensions are typically adaptable and transferable.

 

[tyrim88]

My friend's father was in army and hr got retired. Now he works as a teacher he gets pension and he is also a government teacher. When he will be retired he may get two pensions. This is surprising to me.

One of the ways I want to look at it is from the angle of an active worker who has a pension plan from his company or agencies,and then he can decide to have a separate pension plan that is private.