SIPP contribution needed?

DRS1

Are you sure about the no other taxable income bit? Not even a current account paying a trickle of interest? Just because interest may be covered by the Personal Savings Allowance and be taxed at 0% don't think it is not taxable because it is.

When you do your sums remember to include every penny in that £112k. If you only contribute gross £12k and the £112k is actually £112,999 then you will still be £999 over the £100k.

Marcon

https://forums.moneysavingexpert.com/discussion/comment/81937580#Comment_81937580

Work through the link I've given above to make quite sure

Dazed_and_C0nfused

https://forums.moneysavingexpert.com/discussion/comment/81937580#Comment_81937580

Yet on another thread in this tax year you refer to company benefits reported on a P11D 🤔

It could be that they aren't a factor for 2025/26 but at the moment I think you aren't necessarily understanding how adjusted net income is calculated and until you understand that you cannot know how much to add to your pension to reduce your adjusted net income down to £100k.

Remember as soon as adjusted net income hits £100,002 you start to lose your Personal Allowance.

Marcon

https://forums.moneysavingexpert.com/discussion/comment/81937580#Comment_81937580

Then working through the link I've given will be extremely simple and speedy, and give you the reassurance you need.