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advice on regular payments into a SIPP please

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  • DRS1
    DRS1 Posts: 3,792
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Forumite

    Sounds like you have a plan.

    Yes the emergency code gets a lot of blame. The £100 thing will trigger a "proper" code which sorts out a lot but you still need to allow for how the PAYE system likes regular monthly payments rather than single large ones and if you go for the yearly amount in one go make sure you take it at the right time of year.

    You may also need to think about the fact that you will be getting more than one source of income when the DB pensions kick in. But that is for another day.

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