Originally posted by mogga71
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£160k pension contribution including previous three years: is this a problem?
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Originally posted by adubya View PostYou can contribute £40K + any unused allowance from the previous three years as long as you are a member of a pension scheme. Doesn't matter if it's a new SIPP. I opened a SIPP three years ago and contributed £80K in the first year.
(I appreciate that's probably what you meant, just wanted to be crystal clear for other readers as it seems remarkably common for people to fail to follow the precise logic.)Comment
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Thanks, yes that's what I meant. If I had a pension scheme which I paid into say 20 years ago but not since and the pension account were still active, then that would tick the box.Comment
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Originally posted by adubya View PostYou can contribute £40K + any unused allowance from the previous three years as long as you are a member of a pension scheme. Doesn't matter if it's a new SIPP. I opened a SIPP three years ago and contributed £80K in the first year.Comment
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