Pension top up just prior to retirement

DRS1

bjorn_toby_wilde said:

From the link in NoMore’s post above:

“The recycling rule is intended to prevent the systematic exploitation of the tax rules for registered pension schemes to generate artificially high amounts of tax relief by using the pension commencement lump sum to make a further, tax-relieved, contribution to a registered pension scheme.“

That isn’t what the OP is proposing.

In the pantomime season I could not resist an

"Oh yes it is"

bjorn_toby_wilde

DRS1 said:

bjorn_toby_wilde said:

From the link in NoMore’s post above:

“The recycling rule is intended to prevent the systematic exploitation of the tax rules for registered pension schemes to generate artificially high amounts of tax relief by using the pension commencement lump sum to make a further, tax-relieved, contribution to a registered pension scheme.“

That isn’t what the OP is proposing.

In the pantomime season I could not resist an

"Oh yes it is"

👏🏻 Nice one

FIREDreamer

bjorn_toby_wilde said:

DRS1 said:

bjorn_toby_wilde said:

From the link in NoMore’s post above:

“The recycling rule is intended to prevent the systematic exploitation of the tax rules for registered pension schemes to generate artificially high amounts of tax relief by using the pension commencement lump sum to make a further, tax-relieved, contribution to a registered pension scheme.“

That isn’t what the OP is proposing.

In the pantomime season I could not resist an

"Oh yes it is"

👏🏻 Nice one

He’s behind you!

Albermarle

Justso65 said:

I don’t see how it is recycling.  I am adding money to my pension as I can at any time.  I am under no obligation to wait a period of time before retiring.  I add money to my pension all the time and would do so right up to retirement.  I then decide to retire and get a TFLS which replaces my pension contributions for that year.  That would always happen at some point.  I have pension contributions, I retire, I get a TFLS and that repays some/all of my contributions for the year I retire in.

Were I to retire first, get the TFLS and put it back into my pension that is recycling.  However, my pension contribution allowance would be reduced immediately I took any TFLS to stop this recycling.

JS. 

All this debate about recycling is irrelevant if you leave the TFLS in the pension.