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Transferring a Private Pension to a SIPP - Tax Relief?

If I transfer a private pension to a SIPP, will I get the government tax relief added?

Comments

  • Marcon
    Marcon Posts: 15,320 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Combo Breaker
    bfgun said:
    If I transfer a private pension to a SIPP, will I get the government tax relief added?
    No. You've already had tax relief, so there won't be anything further added in respect of the transfer. 
    Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!  
  • Linton
    Linton Posts: 18,401 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Hung up my suit!
    bfgun said:
    If I transfer a private pension to a SIPP, will I get the government tax relief added?
    Do you mean on the transferred money?  If so no, you have already received the tax relief.  The tax relief only applies to new pension cntributions, not transfers.
  • bfgun
    bfgun Posts: 238 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Thank you for your replies.
    Yes, I meant the transferred amount.
    Thank you for clarifying. 
  • artyboy
    artyboy Posts: 1,898 Forumite
    1,000 Posts Third Anniversary Name Dropper
    edited 9 June 2024 at 10:15AM
    Wouldn't that be nice if it did happen though, I could make transferring my pensions around my full time job, rather than just a little side hustle...  B)
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