Redundancy & pension payment

amc1

squirrelpie wrote: »

"After advice from my company, my pension provider ..." Was any of this advice in writing and if so what exactly did they say?

"xxx does not operate a payroll facility to enable you to surrender some or all of your redundancy payment into your pension scheme. However, if you wish to pay some or all of your redundancy payment into the pension scheme you can contact the pension scheme provider directly to arrange payment. Further details of
the process and the time limit for this option can be found in the FAQs.". The time limit it refers to here refers to the 3 months that I had to pay into my pension scheme.

AnotherJoe

amc1 wrote: »

"xxx does not operate a payroll facility to enable you to surrender some or all of your redundancy payment into your pension scheme. However, if you wish to pay some or all of your redundancy payment into the pension scheme you can contact the pension scheme provider directly to arrange payment. Further details of
the process and the time limit for this option can be found in the FAQs.". The time limit it refers to here refers to the 3 months that I had to pay into my pension scheme.

Unfortunately thats completely generic advice and as a result misleading. Were you earning money elsewhere this tax year you could have put money into that pension, or a pension of your own choosing, and got the tax relief (subject to limits). You could also have opened up a separate pension and put money into that in the last tax year.

I think you've probably lost the opportunity to claim that relief now because that money is inside a pension so even if you got a new job i dont think you could reuse that allowance.

Maybe there is some trick that can be done by someone who really understands the ins and outs of this but on the face of it i think that opportunity is gone.