Backdated SIPP contributions for non earning retired person

Horracce

Q. Can I make backdated SIPP contributions for the previous 3 years if I am a senior / retired with no income?

I am aware that my current year limit is £3600 gross. I have asked AJ Bell and they have said I can’t do it unless I max out my current year £60k allowance, which as a person who is a senior/retired with no income, is not something I am allowed to do … Can anyone spread any clarity please  ?

NoMore

AJ Bell are correct, you have to use all of your current years allowance before being able to use carry forward of the Annual Allowance. Its really only available to high earners or generous employers.

Albermarle

The simple answer is no.
As a non earner your current £3600 limit is as much as you can add. The past is history as they say.

Marcon

Horracce said:

Q. Can I make backdated SIPP contributions for the previous 3 years if I am a senior / retired with no income?

I am aware that my current year limit is £3600 gross. I have asked AJ Bell and they have said I can’t do it unless I max out my current year £60k allowance, which as a person who is a senior/retired with no income, is not something I am allowed to do … Can anyone spread any clarity please  ?

No. To use 'carry forward' you need to have used the full current year allowance AND be  earning enough in the tax year to cover any  further contributions.

Horracce

Thanks all …