My wife has a SIPP. If she activates her pension by taking her 25%, Tax Free, lump sum, she can't pay this back into her pot as a private contribution and get Tax Relief again, that is against the rules.
However, if she gives the money away to some body (ok, it's me) and I pay it into my SIPP, thus becoming a private contribution which qualify's for Tax Relief.
Is that correct or am I heading for nick ?
Thanks in advance.
Tony
Moderator Message:
Moved to a more suitable forum, where more answers might be forthcoming. --MDW1954
Moved to a more suitable forum, where more answers might be forthcoming. --MDW1954