Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Sat, 16 Dec 2023 09:34:31 GMT by
Hi, I recently withdrew my 25% TFLS from my SIPP and I dont want to fall foul of the recycling rules. I've mostly been working through a Ltd but this year I've 'settled down' gone PAYE and as a result of this it looks like I'm going to pay a lot of higher rate tax. I'd like to up my pension contribution to an allowable level. One of the rules is 'is the increase more than 30% of your lump sum'? and measured over a 5 year period, if not then no recycling. Does this mean I can safely make extra contributions over the 5 year measurement period of up to 30% of my lump sum in addition to my employers NEST scheme? TIA 

You must be signed in to post in this forum.