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Why can people with no wages only save tiny sums into pensions? STEVE WEBB replies
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I left paid employment at the age of 50 in 2017 and since 2022 have been contributing to a Sipp. The annual contribution limit is £2,880 plus £720 tax relief, totalling £3,600. I left paid employment at the age of 50 in 2017 and since 2022 have been contributing to a Sipp. The annual contribution limit is £2,880 plus £720 tax relief, totalling £3,600.
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