£2880 - £3600

xylophone

https://www.mandg.com/pru/adviser/en-gb/insights-events/insights-library/pension-contributions-qa


You have made a gross contribution of £928 to the  LGPS. 

This leaves  £15,072.

 If you had made no UFPLS up to this point,  It would be possible to make a  net contribution of up to £12,057.60 to a SIPP - the provider would claim tax relief of up to £3014.40 and add it to your pot.

Once you UFPLS, you trigger the MPAA so in the following year (assuming the same salary) you could contribute only up to a net £8000 and receive tax relief of up to £2000.

There are ways of avoiding  triggering MPAA (see post above).

bioboybill

I just realised I missed out an important bit of info D'oh!

For the last 5 years of my full time employment I contributed to the LGPS AVC scheme administered by Prudential. When I took my pension I took the whole amount (around £35K) as a TFLS as allowed by the scheme. I assume that counts as a money purchase scheme, so will that have triggered the MPAA, and am I now not allowed to put any more into my SIPP and get tax relief, or am I still allowed to pay in £10K three times?

xylophone

https://forums.moneysavingexpert.com/discussion/comment/72997850/#Comment_72997850

https://forums.moneysavingexpert.com/discussion/comment/72998307/#Comment_72998307

bioboybill

Yes, I saw those threads, but I'm still not clear.

jamesd

Taking only a tax free lump sum doesn't trigger the MPAA.

Nor do buying an annuity, taking defined benefit pension income and using the small pot rule.

It is triggered by taking a UFPLS lump sum or taking the taxable money out of a flexi-access drawdown pot, from which the 25% tax free has already been taken.