Hi i am trying to find out whether I can use annual allowance from years that I was living abroad to contribute into my SIPP.
I have been a member of a registered pension scheme (company) since 2001 and was contributing until Sep 2012 when I moved abroad for work. I returned in mid April 2017 to continue to work.
Assuming the total contribution I make is not more than 100% of my 2018 earnings and I used up my current years allowance, can I then make a personal contribution in this tax year to use up allowances carried forward from 15/16 and 16/17 (£40k each since no contribution was made)? And would i be entitled to tax relief on those contributions?
I have had and read very conflicting guidance on this: A) Some guidance has been the fact I was not earning in the UK in those prior years means I can't use the carry forward at all B) the full allowance can be used but given I had no earnings in the prior years I cannot claim more than relief on 3,600 gross so could only contribute 2,880 (despite paying tax this year on the amount i am looking to contribute because is will come from 2018 earnings) C) Some guidance has been I can use the full carry forward and claim the relevant relief up to 100% of my 2018 earning because i was a member of the scheme and made no contributions during those prior years.
Thanks!
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