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Posted Thu, 06 Jun 2024 08:20:28 GMT by YY WONG
I have not use the pension allowance in previous 3 years. Is it true that I can use the pension allowance in this year and contribute more ? i.e. the maximum for contribute in SIPP is £2880 a year for annual salary < £3600, is it true that the contribution to SIPP this year can be £2880 x 4 = £11520, using the previous 3 years allowance plus this year's allowance?
Posted Fri, 07 Jun 2024 15:40:10 GMT by HMRC Admin 25
Hi YY WONG,
The tax relief would still only be limited to your earnings.
The three years you are referring to is for unused allowance, so that you do not have a pension tax charge as you have exceeded the annual allowance of 40k
Check if you have unused annual allowances on your pension savings
Thank you. 

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