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2009/10 lump sum contributions into a SIPP

baby_boomer
baby_boomer Posts: 3,883 Forumite
Part of the Furniture 1,000 Posts Combo Breaker
in Pensions, annuities & retirement planning
When can you start to make these?

Is it only after you have earned what you intend to contribute, or can you contribute in April in anticipation of earnings for later in the tax year?

Comments

  • dunstonh
    dunstonh Posts: 120,344 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Same date as any other pension contribution. From 6th April 2009.

    The tax year is considered one period. It doesnt matter when in the tax year you contribute, as long as its within the tax year.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • baby_boomer
    baby_boomer Posts: 3,883 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Blimey.

    Assuming you get the tax rebate in the usual time, the government could end up giving some people an interest free loan!
  • EdInvestor
    EdInvestor Posts: 15,749 Forumite
    Don't rush out and spend it all at once.;):D
    Trying to keep it simple...;)
  • baby_boomer
    baby_boomer Posts: 3,883 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Rotflmao ;)

    I'm not the spending sort, Ed. But my family is the dying sort, so I'm weighing the odds.
  • whiteflag_3
    whiteflag_3 Posts: 1,395 Forumite
    dunstonh wrote: »
    Same date as any other pension contribution. From 6th April 2009.

    The tax year is considered one period. It doesnt matter when in the tax year you contribute, as long as its within the tax year.


    Unless you change the pension input period of course!!
  • jem16
    jem16 Posts: 19,751 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    whiteflag wrote: »
    Unless you change the pension input period of course!!


    Eh ? :confused:

    Can you elaborate?
  • whiteflag_3
    whiteflag_3 Posts: 1,395 Forumite
    no problems

    have a look at this

    http://www.hmrc.gov.uk/manuals/rpsmmanual/rpsm06100050.htm
  • dunstonh
    dunstonh Posts: 120,344 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Unless you change the pension input period of course!!

    Unlikely to be something an individual consumer can do on a DIY pension though.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • whiteflag_3
    whiteflag_3 Posts: 1,395 Forumite
    dunstonh wrote: »
    Unlikely to be something an individual consumer can do on a DIY pension though.

    no problem with giving a technically correct response to the OP is there?

    Proves the point that pensions aren't DIY things though!!!!;)
This discussion has been closed.
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