Starting SIPP with 20% uplift

paddyduggy

Hi I want to put a lump sum into a SIPP or similar pension and get the 20% uplift. I earned £7000 in the year ending March 2020 and can put that in if I can, I paid in £2500 pension contributions from my salary and employer paid in £3500.Does anyone know a suitable lost cost SIPP or drawdown pension and how much maximum lump sum can I put in to get the maximum 20% uplift for the year ending March 2020, I will do the same for this 20 to 21 year also and earned a similar amount, i think there si a limit how far you can go back and how much you can put in up to a maximum of your current earnings?

thanks

Dazed_and_C0nfused

It's a 25% uplift, not 20%.

You cannot contribute anything for 2019:20 as that tax year has ended.

Do you expect to earn more than 40k in the current tax year?

Albermarle

The annual allowance is £40K so not an issue here .
The max you can add in total is £7K GROSS, so including tax relief .
Presumably the £2500 went into a workplace pension ? Why not just add more to that rather than open a new pension?