Skip to main content

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

Posted Thu, 29 Feb 2024 15:34:30 GMT by C Cheng
Assume my total income is £80,270 including salary £270 salary, dividend income £20,000 and savings income £60,000 savings income. Can I make one-off pension contribution of £30,000 to SIPP to obtain tax relief: 1) Get extra £7,500 on top of £30,000 pension contribution in my pension account 2) Basic tax bracket expanded by £30,000 to £80,270, so that my tax payable will be calculated according to basic tax rate (£12,570 income tax allowance and 20% income tax rate; £2,000 income dividend tax allowance and 8.75% dividend tax; £1000 saving income tax allowance)
Posted Mon, 04 Mar 2024 11:37:39 GMT by HMRC Admin 32 Response
Hi,

You will need to contact our pension schemes services helpline for assistance.

Pension schemes

Thank you.

You must be signed in to post in this forum.