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Posted Mon, 22 Jul 2024 10:49:14 GMT by Cornish1960
Some help please. I am looking to make a £20,000 contribution into my SIPP . The amount is limited due to only working one day a week and earning only £20,000 pa, which caps the amount I can put in my SIPP, in respect of my earned income from employment . I do receive a pension from one of my previous employers which takes my total income per annum over £50,000, thus I fall into the 40% tax bracket. The question is will I be able to claim 40% tax relief or only 20% . Is my pension income included in respect of the tax relief I will be able to claim. As mentioned , I am aware that any pension contribution into my SIPP is capped at the level of earned income, i.e. what I receive from my employers and pay tax and NI on .
Posted Wed, 24 Jul 2024 11:37:09 GMT by HMRC Admin 21 Response
Hi Cornish1960,
If your income takes you into the higher rate tax bracket then yes you can claim relief on your pension contributions if the payments are made from your net income Tax on your private pension contributions.
Thank you.

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