Evening all
I understand that one can still pay £2,880 into a SIPP with zero eligible income (and Gov top up by £720)
Does this still apply when the MPAA has been triggered?
I assume it does, but wanted to check and I can't find any reference to this scenario on the usual sites
(well below age limit for SIPP contributions!)
thanks
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Max SIPP contribution with zero income
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Re: Max SIPP contribution with zero income
AleisterCrowley wrote:Evening all
I understand that one can still pay £2,880 into a SIPP with zero eligible income (and Gov top up by £720)
Does this still apply when the MPAA has been triggered?
Yes definitely. I've been doing exactly that for the last few years.
Scott.
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Re: Max SIPP contribution with zero income
Thanks!
Worth doing for the 6.25% 'round trip' gain then, if nothing else
Worth doing for the 6.25% 'round trip' gain then, if nothing else
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Re: Max SIPP contribution with zero income
Just out of interest (at the moment) - if someone had a significant pension/investment income would this default minimum still move the basic rate band out by £3.6k and potentially save 40% tax on the top slice?
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Re: Max SIPP contribution with zero income
AleisterCrowley wrote:Just out of interest (at the moment) - if someone had a significant pension/investment income would this default minimum still move the basic rate band out by £3.6k and potentially save 40% tax on the top slice?
Yes.
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