A SIPP question….. 18 January at 11:52AM in Pensions, annuities & retirement planning 5 replies 288 views

tiddles

I would be grateful for help on this, please….

I currently have two SIPPS, and have already taken the TFLS from each of them. This tax year I have withdrawn £12570 from one of them, and I have no other income.

Is it possible for me to pay £2880 into my other SIPP this tax year? I suspect not, but I am unsure.

Dazed_and_C0nfused

Why don't you think you can?

Or have you already contributed something earlier in this tax year?

NoMore

Are you younger than 75 then yes it’s perfectly fine to pay 2880 in. Doesn’t even have to be the opposite sipp to the withdrawal. 

tiddles

Thank you. I am 63 - I just wanted clarification of the rules 🙂

Dazed_and_C0nfused

https://www.gov.uk/tax-on-your-private-pension/pension-tax-relief

Marcon

tiddles said:

Thank you. I am 63 - I just wanted clarification of the rules 🙂

If you have a look at your SIPP providers' websites (and you have two if you're feeling keen!), that's exactly the sort of information they should clarify for you - and might possibly also have other info which would be useful, even if you hadn't realised you might need to know it...