I have a inherited sipp pension from my dad. He died after the age of 75 so any income I take is taxed as earnings.
As I earn just over 50k a year any income I take from his pension would be taxed at 40%.
My question is, if I was to increase my employee pension contributions to my full salary amount every month and then use my inherited pension to live off would my tax lower back down to 20% as long as I did not take more than 50 k a year out of my inherited pension.
Sorry if this question does not make sense but I can't think of any other way to word it.
Jon
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