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Can I still open a SIPP and have my company contribute to it?

09 March 2022

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Question by Stephen

Hi I am self employed aged 62, don't plan to retire after 70/75. I already receive a final salary pension, can I still open a SIPP and have my company contribute to it?


Answered by Kris Amliwala

Hi Stephen,

Thank you for your question.

Yes, your company can contribute to a SIPP. This can even be after age 75 (albeit without the income tax relief). You just have to be in consideration of the annual contribution amount in relation to your net relevant earnings to make sure you're not exceeding the amount of income tax relief allowable.

Hope this helps?

Answered by

Kris Amliwala

Chartered Financial Planner

I really enjoy helping people align their wealth to their life goals and ambitions. By first spending time in understanding you, your life and your goals, before looking at cashflow planning and then if needed, any financial solutions, I find delivers the most rewards.