Sipp Question

masonic

https://forums.moneysavingexpert.com/discussion/comment/82041534#Comment_82041534

There generally wouldn't be in issue if you are only contributing £2880 annually. Tax free cash may only form part of a drawdown sum, so a total of £12k taken over a tax year might only include £3k tax free cash. It would be different if you were taking only tax free cash, but even then it needs to be shown that you've used it to significantly increase contributions.

Royal London goes through the rules in detail here: https://adviser.royallondon.com/technical-central/pensions/contributions-and-tax-relief/recycling-of-tax-free-cash/

clairbear_3

so the £12k drawdown/income doesnt count as 'tax free cash' even tho it is tax free cash due to not working

(below income tax threshold}

Can anyone recommend a SIPP provider with low charges for regular withdrawals

NoMore

https://forums.moneysavingexpert.com/discussion/comment/82042375#Comment_82042375

There's a specific subforum for pensions, I suggest you start a new thread there, as you aren't the OP and are now starting to take this thread OT to the original question.

Pensions, annuities & retirement planning — MoneySavingExpert Forum