A pension on a pension?

[fourtycoats]

I took early retirement 3 years ago at age 55 and am currently reviewing my investments. I would like to divert part of my regular income into a tax efficient savings scheme such as a personal pension fund. Does anybody know if this is possible,i.e. can I start a new pension fund, to mature in 10/15 years and get tax breaks similar to those I obtained through my original pension fund investments which enabled me to retire early?

 

[homerjay]

reply

You can only make pension contributions in respect of a source of relevent earnings from a non pensionable employment.

Pension income IS NOT a source of relevent earnings from a non pensionable employment.

If as a pensioner you have a source of relevent earnings from a non pensionable employment e.g. a part time job, then you can make pension contributions and get tax relief on contributions of up to 30% of that income.