Retired - start paying back into a new pension - Tax refief?

Captaltsel

If I opened a new pension having retired , funding the payments from other income or assets, would you still recieve 20% tax relief from HMRC??

Dazed_and_C0nfused

Captaltsel said:

If I opened a new pension having retired , funding the payments from other income or assets, would you still recieve 20% tax relief from HMRC??

Assuming no earnings which are relevant for pension contributions in the current tax year then yes, but this is limited to a gross contribution of £3,600 each tax year.

You pay £2,880 and the pension company (courtesy of HMRC) adds £720 to make up the gross contribution of £3,600.

This can continue each tax year until your 75th birthday.

dunstonh

This can continue each tax year until your 75th birthday.

For the time being......   
Even in 2001, when this was introduced, it was seen as a loophole and HMRC said it would be closed in time if it became widely abused.....  just adding to the silly season.

badger09

dunstonh said:

This can continue each tax year until your 75th birthday.

For the time being......   
Even in 2001, when this was introduced, it was seen as a loophole and HMRC said it would be closed in time if it became widely abused.....  just adding to the silly season.

I’ll hit 75 later this tax year😳 and plan was to use RS maturing a few days after the Autumn Statement to fund my final SIPP payment. Decided to close RS 29th and abuse the system one last time😇