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SIPP contributions when drawing from a DB pension

n3ophyte · 2022-06-24 10:24:59

Hi everyone. I’ve been lurking here for just over a year and really appreciate the informed discussions taking place. Thank you all! One question if I may? I retired and began drawing my DB pension (USS) a year ago. I’m now wondering if I can invest any surplus income from that into my Vanguard SIPP. I contributed £2880…

Comments

n3ophyte Posts: 62 Forumite

25 June 2022 at 9:42PM

Dazed_and_C0nfused said:

What you worked doesn't come into it, it's what was reported by your employer (or any NI credits, voluntary payments) that counts.

It could be your 6 weeks work was reported as two or even three monthly payments which could be beneficial under the LEL rules.

Good call

I was paid an extra 6 weeks salary when I left to cover unused leave. Makes complete sense now. Thank you.

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