Pensions and 40% tax relief

Techno

OH has just gone over into the 40% tax bracket by about £1200. Is he allowed to claim the 40% tax relief on his pensions (one sipp instead of FSAVC and his TPS scheme) or do you have to be earning lots more than the £38,335 before the beloved taxman starts letting you claim it back.

Also is there a website that advises about the breakdown of types of fund you should have in your pension at different ages (especially mid 40s!!!)
Many thanks fellow MSE'ers
Techno

ReportInvestor

He will be able to claim back 40% tax relief on those contributions which take him into the 40% bracket. However little that is.

The SIPP will add the 22% basic rate tax to his pension on all contributions he makes.

ReportInvestor

If he made additional contributions into the TPS to keep his taxable income below the limit, I think that he could avoid the need to fill out a dreaded tax form.

Just a thought. It might or might not be appropriate from an investment point of view.