Question on adding £2880 to a SIPP

Grumpy_chap

molerat said:

Plus, as you have thrown in "employer contributions" and "AVC", the limit applies across all pensions, not just the SIPP.

Yes, my wife got caught on this.
She stopped working and paid in the £2,880 (grossed up to £3,600) into her pension once February rolled around, forgetting that the final few ££s of work payment had landed in the tax year with the resultant employee and employer pension contributions.  Thus she exceeded the AA.

MallyGirl

Stones said:

Ok, I just checked and taxed income this year is £3416.

So given that I have contributed £1250 so far (£1000 + £250 tax relief), I can now pay in up to £2166 including the tax relief, which I work out as £1733 nett ?

However that means it is less than £2880, so I can pay in £1880 as question above?

I think my original question was if you have £2880 to play with, plus earned income, but I think you have answered that for me. 

Did you only earn £3416 or did you actually earn more like £15k of which only the £3416 was above the 0% band and incurred tax?

Stones

No, I have only earned £3416 taxable pay this year (gross). Actually £3416.70 according to the P45.