Using pension cash to add to another pension?

[melonfool]

With a SIPP you can simply withdraw the 75% that isn't part of a lump sum - it's just something to pay tax on.

Seems to me that you can put in £2,880 to a SIPP at (say) end-March, then withdraw £3,600 once the tax credit has been added, and of that amount 25% is a tax-free, hence saving 25% of the £720 - i.e. £180 in just a few months.

SIPPs are not free though, so you need to deduct charges from that.

Mel

[swill453]

SIPPs are not free though, so you need to deduct charges from that.

Mel

Unless you're running a SIPP already. I am, and doing the £2880/£3600 contribution thing adds nothing to my charges.

Scott.

[melonfool]

SIPPs are not free though, so you need to deduct charges from that.

Mel

Unless you're running a SIPP already. I am, and doing the £2880/£3600 contribution thing adds nothing to my charges.

Scott.

True, true.

I'm about to add £80k to mine, bit worried about the hike in charges.

Mel