Reader Q: Can you claim tax relief on a lump sum pension contribution over a number of years?
If you pay a lump sum into a pension can you claim the tax relief over a number of years?
No you can't. The tax relief applicable to a lump sum payment is only applicable to the tax year in which the pension contribution was paid.
Obviously one way round this is to pay the lump sum in stages across different tax years.
I hope that helps
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