Pension Tax Relief

planforfuture

Please advice  ...

I have so far only taken a couple small amount of UFPLS lumpsum (i.e. not drawdowns) from my defined contribution pension plan (SIPP) in the last 2 years since my retirement (I have stopped working since then).

I would like to contribute some money back to my SIPP to take advantage of pension tax relief. Just wonder how much can i contribute back in the current financial year. My current income tax band is 20%.

My other half is also in similar situation (I.e. 20% income tax band and have onl taken small lumpsums of UFPLS from her SIPP) but she also receives a small pension monthly from her previous NHS employment. She would also like to contribute some money back to her SIPP.

Thanks in advance for your help. 

NoMore

With no relevant income (pension income doesn't count) you can put in £2880 (£3600 after tax relief) into a Pension each year until age 75.

planforfuture

Thanks for the reply. Much appreciated.
Just wonder how does the pension tax relief recycling rules affect  us in this case?

NoMore

It doesn't at that level of contribution