Pension Query

I’m 55 in a few years and can take out 25% on my pension, question is can I put it straight back in and get the tax relief on it?

No. It’s known as pension recycling and there are rules against it.

That 25% tax free sum might be nice but there are lots of good reasons to not to take it so its worth doing some research and maybe getting some advice

Once you start to withdraw money from your pension you’re only allowed to put a maximum of £2880 per year into it from then on should you wish to still contribute to it again.

its more complex than is being stated (of course it is…its pensions)

you can take the 25% tax free – and still contribute into your pension. If you’re working (“earned income” in the parlance) I think the standard rules  apply (60k PA or max annual earnings)

Once you’ve made a withdrawal from the remaining 75% (i.e. as taxable income/flexible drawdown) that’s when the recycling rules come in – known as MPAA  – its 10k per year and is worth further research – I have the gist but won’t write it down as im not certain / dont want to make a mistake.

The £2880net/£3600 gross is for non-working people (children, UK tax payers abroad etc)

The Chris Bourne (he’s an IFA) video’s on YouTube will have the answer – he’s a good communicator – I’d start there.

you can take the 25% tax free – and still contribute into your pension. If you’re working (“earned income” in the parlance) I think the standard rules  apply (60k PA or max annual earnings)

Once you’ve made a withdrawal from the remaining 75% (i.e. as taxable income/flexible drawdown) that’s when the recycling rules come in – known as MPAA  – its 10k per year and is worth further research

Exactly right.  I did exactly that at start of this year.  Unfortunately I completely screwed it up before that as I had cashed in an old pension completely and taken more than £10K of the 75% (Only just as was a small £30K old pension) so am now limited to £10,000 a year which was very stupid of me bering in mind my good company pension additional contribution matching.

Can you take the tax free amount and shove 20k into a s&s ISA? Or does that count as recycling too?

I’m not sure what the benefit of this would be since if you leave it be it’s still growing effectively tax free anyway, potentially in a larger fund and with more growth potential assuming it’s sensibly invested and without high charges.

Can you take the tax free amount and shove 20k into a s&s ISA? Or does that count as recycling too?

You can do what you want with it.  Recycling is only about money going back into pension.

Yes you can recycle, within limits and a few rules.

https://www.gov.uk/hmrc-internal-manuals/pensions-tax-manual/ptm133810

Basically £7500 every two years.