Relevant earnings and tax relief on pension contributions

zagfles

moedeeb said:

Thanks zagfles that makes sense I can now wait for the various payments and reconciliation to take place. I have already made my Sip lump sum payments as when I actually get my redundancy package on the 27th March it will be too late to ensure that a lump sum would reach my pension in this tax year. I will probably move to UFPLS in 22/23 tax year. It seems clear to me that all the additions to my pension are part of normal retirement planning but do I need to worry about lump sum recycling rules in what I am planning?

Unlikely, but google "HMRC recycling rules" for lots of useful articles on this. I think the rules are mainly intended to prevent systematic exploitation by advisers etc rather than one off individual events.