Pension and allowance

[oldgitst]

Hi all,
great forum

I am a director shareholder and haven't had a pension whatsoever .....

IF I opened a SIPP now would I be able to claim the previous 2 years previuos allowance (£40k each year)
OR
do I read it correctly that I must have actually had an active pension that I could have paid into over the previous two years ?

Basically I did believe I could just open a SIPP - put 120k in and reduce this years corp tax bill....

any advice much appreciated
c heers
og

[LozaACCS]

The carry forward is three years, not two, unfortunately the scheme must have existed for the years in question, so you do not have any carry forward available.