Using previous years contribution tax relief

TheSpectator

baz8755 said:

TheSpectator said:

So what will be the value of the workplace pension contributions this year - they need to be taken into account.

Already rolled up into the £5K p.a. figure in the illustration, it's almost a 50/50 split between SIPP and workplace (all figures are ballparkish as I don't want to give away exact values)

Gross or net?

Whatever the gross figure is you deduct from the £35k earnings and multiply by 80% for the max contribution you can make for this tax year.

Dazed_and_C0nfused

baz8755 said:

Dazed_and_C0nfused said:

And all the above is with 🤞 that you haven't omitted to mention her existing employment pension is a DB one.

No She has a small workplace pension and a SIPP but in the figures I mentioned I roled up the workplace and SIPP into one to get the £5K figure.

A workplace pension could be DB or DC.

And contributions could be relief at source, net pay or salary sacrifice.

Which could be relevant to how much she can contribute this year.

What has happened in previous tax years is almost certainly irrelevant for your wife.

The question was to do with my wifes SIPP, she earns £35K pa and total gross contributions over the past few years have been £5K pa. and her pot in not very big.