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Pension Investing in Drawdown after Retirement
jim8888
Posts: 430 Forumite
In the new tax year, my wife and I want to put some money back into our SIPPs to take the tax relief. Neither of us work, or intend to, and our SIPPS will be in drawdown as we've already taken the tax free Lump Sum.
I just want to confirm that the maximum we can put in is £4000 gross each, or £3200 net with £800 tax relief?
I just want to confirm that the maximum we can put in is £4000 gross each, or £3200 net with £800 tax relief?
0
Comments
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If you have no earned income it’s £2880 Net for £3600 gross.
the £4000 limit is if you have triggered MPAA because you have taken 1p or more from the taxable portion of a DC pension, but you would need to earning £4000 plus to use it.1 -
Many thanks for that clarification.MX5huggy said:If you have no earned income it’s £2880 Net for £3600 gross.
the £4000 limit is if you have triggered MPAA because you have taken 1p or more from the taxable portion of a DC pension, but you would need to earning £4000 plus to use it.0
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