SAHM - how do you sort out your own pensions?

[Dalemp]

Interested to understand how you pay into your pension. My understanding is that if you don’t have any earned income (ie a job) the most you can pay into your pension is £3600 (£2880 & gov top up).
I have read threads where posters have said, “DH has been paying into my pension” but I don’t understand how as they max is only £3600.

I don't think 3600 is the maximum. Where did you get that? Do you have a link of what you're reading ? Have tried to Google to see where I am mistaken, but no where am I finding that 3600 is the maximum.

Well that is paying into a pension?

Plus I think 8% of a lower salary is about that anyway which is what a lot of lower paid employees get for pension.

They might also be paying into isa as well.

I’ve googled this and it’s really not clear, best to check with the pension company to get clear understanding. Some say max £2,880 and gov top up if you are not earning, then it goes on to say you can pay in up to annual allowance of £60,000 (incredible) and then pay charges through self assessment.

I think that's the bit that gets tax relief.

The £60k allowance is from earnings (subject to some caveats)

If you are not earning, the max is £2880, which gets topped up to £3600 with tax relief (your pension provider will do this)

If you are earning the max you can put and get tax relief is 100% of your salary, up to £60k.

if you aren't earning the max you can add is £2880 - the gov will top it up to £3600

Lessthanmore has nailed it.

The other thing to point out is that it very rarely makes sense to put money into a pension where you don't get tax relief on the way in as you'll be taxed when you take it back out again. So stick to the £2,880 'limit'.

I think a lot of people use the term pension loosely - e.g. we have a S&S ISA which is for retirement savings, we might refer to it as "pension" casually but it's not literally a pension

How much do you think people pay I to their pensions??

@porridgebath some people do chuck in extra money to their pensions. DH paid in substantial amounts over a decade so that he didn’t have to pay higher rate tax. That’s tax efficient.

SIPP is £60k when you are earning but around £4K if not. As others have said stay within the limits as you'll be charged tax on the way ban out

ISA / LISA £20k , former has no govt top up but is tax free. LISA gets topped up Bud can't be accessed until 60 so make sure you have a plan for any years you won't be earning before that

It's not that little, 5% of a 65k salary? A lot of working people won't manage to pay in this much.

I know but £2880 is what £240 a month? Seems like what a lot of people would pay if working or more. £120 a month matched by an employer say