A taxpayer had a question about paying into their pension

HMRC has issued fresh guidance on its pensions rules following a taxpayer's enquiry about their SIPP (Self-invested personal pension). The person approached the tax authority with a particular concern regarding the transfer of shares from an employee share incentive plan (SIP) into a self-invested pension plan (SIPP), after they had lost their job through redundancy. They asked the authority: "Does the transfer of £30,000 shares from a SIP to a SIPP following redundancy count towards my annual earnings limit?"

HMRC's initial response was clear-cut: "Any input into a pension would count towards your annual limit." The current ceiling for pension contributions stands at £60,000 for this tax year.

This annual allowance has rem

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