Going over £60k pension contributions
Going over £60k pension contributions
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Rollin

Original Poster:

6,296 posts

269 months

Saturday 29th March 2025
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Most years I put the maximum possible into my pensions. It's difficult to calculate how much I can put in my SIPP as I have an NHS pension which only release my pension input amount after the financial year has ended.
Is the only consequence of going over the £60K limit that I would pay income tax on the excess? I'm self employed sole trader if that makes any difference.

Rufus Stone

12,153 posts

80 months

Saturday 29th March 2025
quotequote all

stuthemongoose

2,515 posts

241 months

Saturday 29th March 2025
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You can top up against unused allowances for the last 3 years.

Do you know if you have any left there? If so, bonza. If not, you’ll pay tax at your upper rate on the element over 60k.

Stu