How can I calculate my pension allowance this year?

[56samba]

(I will open a SIPP in a few days).

This is key. you can only backdate into a SIPP you already had open. So you will be restricted to a 40k Employers contrib, this years only.

[WordIsBond]

This is key. you can only backdate into a SIPP you already had open. So you will be restricted to a 40k Employers contrib, this years only.

It might be key, but it is wrong. As long as you had any pension open, you can contribute carryovers from years in which it was open, up to the last three. They don't have to go into a pension that was open, your right to use the allowance is predicated on whether or not you had any pension open.

[56samba]

It might be key, but it is wrong. As long as you had any pension open, you can contribute carryovers from years in which it was open, up to the last three. They don't have to go into a pension that was open, your right to use the allowance is predicated on whether or not you had any pension open.

Look at that, I learned something.

[WordIsBond]

Look at that, I learned something.

Unless I'm wrong this time.

It happened to me once back in 1983, so it could happen again. Pretty sure it didn't this time, though.

[Syd]

Looking for SIPP

OP may I ask where's your SIPP?

[Ricardo19ip]

OP may I ask where's your SIPP?

Halifax SIPP. After checking reviews, I think it is the most cost effective in the long term.
I had Aviva, but transfered everything there.
I bought a global index tracker from vanguard and I programmed the system to invest 1200 monthly.
I will check again in 25 years to see if I am finally millionare ????

[Syd]

Do you need to tell them exactly what shares to buy? Or you can go with a tracker fund?

I feel intimidated to start purchasing stocks on my own with my pension money.

Also, how long does it take to open an account?