Not working what's the Max Pension contribution?

mystic_trev

Just about to put some cash into my SIPP but can't see if there's been any changes to the max amount I can put in for this Tax year. Is it still £2,880 ?

Thanks in advance!

Trev

ffacoffipawb

mystic_trev wrote: »

Just about to put some cash into my SIPP but can't see if there's been any changes to the max amount I can put in for this Tax year. Is it still £2,880 ?

Thanks in advance!

Trev

Yes, it is.

Loughton_Monkey

Can't see it increasing at all. It was a limit set for the 'great unwashed' to allow the lower paid and unemployed to make some sort of provision.... But as for most Government initiatives, it loses its way and does the reverse. Only us wealthy [and retired] people use the damned thing because it's marginally better than S&S ISA's because of the tax relief.

Same thing as 'buying back' NI years. Absolutely mega-value for anyone approcahing state retirement age with <30 years. Aimed at the 'poor', but only used by the 'rich' who can easily dish out the four-figures cost.