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SIPP advice please.
Comments
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Fair enough, but people do commonly make that mistake so thought it was worth clarifying.1
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OPs earnings in previous years are totally irrelavent. We discuss this here every week. See for instance https://forums.moneysavingexpert.com/discussion/6122881/a-few-tax-relief-questions/p3macman said:
Yes, I think that is obvious. The OP has been drip-feeding info, and for all we know their income may well have been higher in preceding years. It's up to them to crunch the data.kuratowski said:
But you still cannot exceed 100% your earnings. The possibility to carry forward of previous years' unused allowances is useless, in this case. It can only be used by people whose earnings exceed £40k.macman said:
However you can carry forward any unused allowance for the previous 3 tax years.
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