Can I invest in a pension if I don’t have earnings?
Yes, every UK resident under 75 can make pension contributions, even those with no earnings.
Their contributions will receive 20% automatic tax relief even if they pay no tax.
They can contribute up to £3,600 each year - a payment of £2,880 to which the government automatically adds £720.
This is a very tax-efficient way to invest for a non-earning spouse, child or anyone who's already retired.
Tax rules can change. Before applying, please understand the risks and features of the HL SIPP.