Tax relief on pension contributions / overseas income

[Cap_Scarlet]

I am an early retiree resident in the UK (just moved back from overseas).

I have two sources of income.

1. An overseas pension paying me around 100k per annum.
2. Investment income of c. 40k in total of which the majority is in my wife's name.

I pay tax on the pension income in Germany and my question is - can I contribute to a pension (SIPP?) in the UK and get tax (UK) relief?

[AdamS93]

Yes, but as you have already accessed a pension, you will be caught by the Money Purchase Annual Allowance meaning you will only be able to contribute £4,000 gross per year on before you get hit with an annual allowance charge.

With a pension that size, you need to consider your lifetime allowance also

Why would you want to invest further in to a pension when you already have a £100k pension per year. You need to consider what is the ‘best investment’ rather than what will save you a little bit of tax. You’re better off paying more tax on a better investment, rather than no tax on a bad investment.