What if I earn more than £150,000 annually?
If you earn over £150,000 the amount you can invest is subject to ‘adjusted income’. How much you can invest is tapered, so for every £2 above £150,000 the annual allowance is reduced by £1.
This means if you earn more than £210,000 a year (£60,000 over the threshold), the most you can pay into your SIPP each year then reduces by £30,000 to just £10,000.
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