Unused SIPP allowance from 2022/2023 tax year

username12345678

https://forums.moneysavingexpert.com/discussion/comment/81936852#Comment_81936852

Just over £200,000.

NoMore

So your earnings for this year are >£100k ?

How much have you and your employer already contributed to pensions this year ?

Answer those and we can figure out how much you could contribute, and if it's more than 60k you then have to use carry forward.

Carry forward is nothing to do with your tax position, it allows you to extend the amount you can contribute to pensions and avoid a charge.

Isthisforreal99

https://forums.moneysavingexpert.com/discussion/comment/81936858#Comment_81936858

And was the SIPP open in 22/23?

DRS1

https://forums.moneysavingexpert.com/discussion/comment/81936867#Comment_81936867

Doesn't the OP just need to have been a member of A pension in 22/3? ie it does not have to be the SIPP to which the OP is now contributing, it could be any pension scheme.

username12345678

https://forums.moneysavingexpert.com/discussion/comment/81936865#Comment_81936865

Earnings over £100k.

No employer contributions in any of the years.

I have contributed £33k so far this year (net).

https://forums.moneysavingexpert.com/discussion/comment/81936867#Comment_81936867

SIPP was open in 22/23.

NoMore

https://forums.moneysavingexpert.com/discussion/comment/81936867#Comment_81936867

What relevance is that ? To use carry forward they have to be a member of a uk pension scheme for the years they wish to carry forward, it does not mean that the specific pension you wish to contribute to had to be open.

So the question is did they have a pension in 22/23, not necessarily that specific SIPP.

Marcon

https://forums.moneysavingexpert.com/discussion/comment/81936852#Comment_81936852

Why net? It's gross earnings that need to be considered.

NoMore

Are you self employed ? or perhaps a LTD company director ?

Why no company contributions ? If you are a ltd company director, you will be much better making contributions direct from the company rather than paying yourself and then making personal contributions.

username12345678

I'm PAYE with no other income.

Company contributions aren't possible.

DRS1

https://forums.moneysavingexpert.com/discussion/comment/81936878#Comment_81936878

No employer contributions. Does this mean you are self employed? If so it is your taxable profit which is relevant.

You mention a figure of £200k earlier. That is fine but if you are well over £200k you might want to check you aren't caught by the tapered annual allowance.

Frankly I think you broadly know what you are doing. But you did just worry people by talking about going back and amending your self assessment tax return for 22/3.