Pension Contributions after Retirement

anjo56

I recently retired but won't take my final salary annuity until after April so I become a basic rate taxpayer. I also have a DC pension pot which I hope not to take the 25% lump from initially, nor draw down from.  If it is left untouched, what pension contributions can I continue to make after April and would I get 20% tax relief?  I know if I take the lump sum or draw down, then i am limited to £2280 pa but am not sure beyond that.  

molerat

Your contributions are defined by your "relevant income", income generally received from employment.  If nil then you are limited to putting £2880 into a pension which will be topped up to £3600.  Taking money from a pension is of no relevance to that figure and maybe you are thinking of the £4K limit once you have taken any taxable money from a DC pot but that does not override the £2880 limit if no relevant income.

Linton

If you have no earned income in a tax year you are limited to making £2880 net pension contributions, £3600 gross after repayment of possibly non-existant tax.

Steve182

I believe you can contribute up to £2880 if you have no taxable earnings. This will be topped up 25% by the government to £3600.

I don't think taking a TFLS will trigger MPAA, but whether you've triggered MPAA or not would not make any difference to this figure once you've stopped earning.  Others can correct me if I'm wrong.  

anjo56

Many thanks. Now clear.