How much can I contribute to SIPP?
Can I just confirm with people on here who are more familiar with the rules than I am.
I'm still a few years away from state pension age, but I intend to retire in a couple of months. So my earned income will be only 2 or 3 months' worth of salary. I already pay a total of around 20% through salary sacrifice.
When I retire, I will initially take a tax-free lump sum and start a DB pension.
As well as the DB pension, I also have a SIPP, which I don't intend to draw from just yet. I am thinking of making an extra contribution to my SIPP. What's the maximum amount I can make so that HMRC can add the 25% tax rebate?
Also, can I continue making contributions to the SIPP in the following years? If so, would that be limited to £2880 (plus the £720 tax rebate)?