Please could I check if you think this makes sense

islander2025

https://forums.moneysavingexpert.com/discussion/comment/81902906#Comment_81902906

I am very sorry for the delay. The company I am working for is closing down at the end of April. I paid into a company scheme with another company scheme for years but for the last few years I have saved to ISA's instead. I thought I would be working until retirement age and that the money from the pension would be taxed (when getting the state pension) so I thought it would be good to have some other money available in ISA's. I did not know the company I am with now was going to close so I have decided to stop working. I have only just turned 60 so I have a few years until I get the pension. I was thinking if I open a SIPP and make a contribution for my full salary this year then I will get the tax back. If I then draw the moneys from the pension I will be able to withdraw it over three years totally tax free and thus I will have gained the tax relief. Hope that makes sense.

Thanks