If I have 10k of rental income and 10k of earnings from employment? What is the maximum amount I can pay into a SIPP?
I assume this would be 8000 and (plus SIPP automatically reclaim 20% income tax, hence adding 25% to the amount contributed) so paid 100% of earnings into pension.
However if you look at the personal allowance, the total amount of income tax paid is less than £2000. (£1700 ish in fact). Is this okay?
