Any reason not to aim to empty SIPP ASAP in retirement?

Baldytyke88

https://forums.moneysavingexpert.com/discussion/comment/81933909#Comment_81933909

You are allowed to contribute 100% of your annual earnings. I am still working and earning £20k, so I am contributing from my earnings.

Secret2ndAccount

https://forums.moneysavingexpert.com/discussion/comment/81934920#Comment_81934920

Well, yes and no… What you state is generally true. However, if you contributed 3k last year, and 3k the year before, then you take a large tax free lump sum, and immediately up your contributions to 20k, you are inviting scrutiny, and could be in breach of the rules. Google Pension Recycling Rules. First things first, if you take less than £7500 tax free lump sum(s) over any 12 month period, you are safe from the recycling rules. If what you are doing is just sensible everyday pension planning, and just happens to take place alongside you starting to draw your pension, you should be okay. If you deliberately take a large tax free lump sum from your pension, and then substantially increase your contributions back into a pension, you are breaking the rules, whether you have sufficient other income to cover it or not. Read the rules, then hold them up side by side with what you plan to do, before doing it.

HTH