Another question about avoiding 40% income tax...

[Turtle Shed]

Hello all, I hope this is a simple question for the gurus here.

I'm 58, taking a DB pension and still working. I'm getting perillously close to having to pay 40% tax on some income. Can I use a SIPP to offload some earnings each year, and then take the money out in future when my income will be lower?

I have no other taxable income, my savings are in Premium Bonds and an HL ISA.

Of course, this might be far more complex than I am assuming, if the answer is 'talk to a local financial adviser' I am happy to seek one out and pay for their services.

Thanks :-)

[bogie]

Yep, as you are still working with an income you can pay into a SIPP as normal

[Turtle Shed]

Sorry for bumping the thread, but it's rude not to say "thank you".

[bogie]

[FriedMarsBar]

Could you pay into your pension via salary sacrifice or an AVC. I think salary sacrifice is the best option.