What is the annual UK pension contribution allowance?

The annual pension allowance is £60,000 (or 100% of your relevant UK earnings, whichever is lower).

How much does a £10,000 gross SIPP contribution actually cost a 40% taxpayer?

You deposit £8,000 cash, the government adds £2,000 basic relief, and you claim back £2,000 on Self-Assessment, making the net cost just £6,000.

Regno UnitoSIPP Pension Tax Relief (20% to 45%)Finanza

UK SIPP Pension Tax Relief & Government Top-Up Calculator

Calculate your total tax relief on Self-Invested Personal Pension (SIPP) personal contributions: automatic 20% basic rate government top-up into your SIPP provider plus additional 20% (higher rate) or 25% (additional rate) claimed back via Self-Assessment.

Fondi Pensione Pensionamento e Pensioni Imposte e Tasse

Parametri di Input

In tempo reale

Net Personal Cash Deposited into SIPP (£)

Selezione rapida:

Your Highest Marginal Income Tax Band

Risultato CalcolatoSIPP Pension Tax Relief (20% to 45%)

Total Gross Amount Added into Your SIPP Account

£10,000

True Effective Out-of-Pocket Cost to You

£6,000

Extra Tax Refund Paid Directly to You via Self-Assessment

£2,000

Dettaglio del Calcolo

You Pay SIPP

£8,000

20% Gov Top-Up

£2,000

Total in SIPP

£10,000

True Net Cost

£6,000

Metodologia di Calcolo

Gross Contribution = Net Cash Contribution / 0.80. Basic Relief Added to SIPP = Gross Contribution * 20%. Higher/Additional Tax Rebate Claimed via Self-Assessment = Gross Contribution * (Tax Bracket% - 20%). Effective Out-of-Pocket Cost = Net Cash - Extra Rebate.

Disclaimer Legale e Informativo

The annual pension allowance is £60,000 (or 100% of UK relevant earnings). High earners with adjusted income over £260,000 are subject to the tapered annual allowance (down to £10,000 minimum).

Questo calcolatore è progettato solo a scopo educativo e informativo. I risultati non costituiscono una consulenza finanziaria o legale vincolante.

Domande Frequenti

Your SIPP provider automatically adds the basic 20% top-up; higher-rate (40%) taxpayers claim the additional 20% via their annual Self-Assessment tax return.

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Regno Unito

UK SIPP Pension Tax Relief & Government Top-Up Calculator

Parametri di Input

Dettaglio del Calcolo

Metodologia di Calcolo

Disclaimer Legale e Informativo

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