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Can you pay pension contributions from another pension payment?

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  • jem16
    jem16 Posts: 19,750 Forumite
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    Annie1960 wrote: »
    So what about savings? If the OP has savings can these be used to pay into a pension?

    Savings are not earned income so no for the purpose of tax relief.

    http://www.hmrc.gov.uk/manuals/rpsmmanual/rpsm05101150.htm
  • mark55man
    mark55man Posts: 8,221 Forumite
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    So just to check - you may need to be careful as I understood some early retirement for ill health had claw back provisions if additional income was to be earned. Not an expert just recall seeing a few threads on this topic.

    Well done to OP for trying to help themselves but would be a shame if it came to nought or caused trouble
    I think I saw you in an ice cream parlour
    Drinking milk shakes, cold and long
    Smiling and waving and looking so fine
  • atush
    atush Posts: 18,731 Forumite
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    Which is what I said!
    See also from the Aviva website you mention:

    "...pension income is not classified as relevant UK earnings, so this income cannot be used to support tax relievable pension contributions over the basic amount of £3,600 each tax year....

    As pension income (from either an annuity or drawdown plan) is not classed as relevant UK earnings, this can only be recycled if your client has relevant UK earnings at least equal to the gross amount paid as pension contributions."

    e.g. from another job.

    No, that is not what you said.

    In any case, the OP CAN put in 8K into a pension each year.
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