Can I pay into SIPP after drawing

bwise

PaulCooper wrote: »

Hi bwise
I was hoping that one of the experts on here would come to my rescue, as it's quite complex

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but I'll try
As you won't be 55 by the time the rules change, it's easier, although not being in that category I haven't taken a great deal of notice. I think it'll work like this
You can take 25% of the total fund, or 25% of less than the total fund, this is tax free. After that you could take anything from 0% to the remaining 75% (this will be taxable at whatever tax rate this puts you into)
Regarding what you can pay in, I think once you go into drawdown after April 2015, you'll be limited to a max of £10k pa (this is supposed to stop recycling)
Paul

Thanks for this.