Any pension experts out there?

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10 Sep
7:19pm, 10 Sep 2022
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geordiegirl
Oh, and atlhough retired, Off Roader & I both pay in £2880 each year into a SIPP, which means £3600 is actually added for each of us.

That’s what Dave said to us start now keep paying in where we can we don’t have to access it at 55 or whatever age it’s a back up fund.
um
10 Sep
7:28pm, 10 Sep 2022
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um
That's the max for paying in to get the benefit if you don't pay any tax. Above that, (I think) you have to have at least paid enough tax to cover the tax relief add-on.

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About This Thread

Maintained by geordiegirl
Not asking for financial advice (waiting to speak to a FA) but….

I have a final salary pension and applied for and been offered a new role.

I’m (almost) 53, intend to retire at 57 (give it take) and the new employer does a 4%~6% contribution pension.

Struggling to find out what this means.

I know I can defer my FS pension and start the new one

I feel I won’t pay enough in to the new one in 5yrs

I don’t know how detrimental this would be (I know it’s not all about...

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