SIPP Issue - Paid more than I should into it

intalex

masonic said:

There is a £3,600 gross freebie given to non-earners.

What is this £3,600 freebie officially called?

dunstonh

intalex said:

masonic said:

There is a £3,600 gross freebie given to non-earners.

What is this £3,600 freebie officially called?

There’s no limit on the amount that an individual can contribute to a registered pension scheme.   However, tax relief is limited to 100% of your UK taxable earnings or £3,600, whichever is higher.  It doesnt have a specific name.  Its just a reference point.

Then you have the other allowances/restrictions that can play within that (annual allowance, tapering, MPAA, carry forward etc)