Can I make additional contributions to my SIPP after starting drawdown?
Yes, you can, although how much you can contribute to your SIPP depends on what type of drawdown you have.
If you only take your tax-free lump sum from your SIPP, and haven't taken any income payments, you can contribute the same amount to your SIPP as usual.
However, if you have flexi-access drawdown (rather than the older capped drawdown) and take an income payment, from that point on you can only contribute up to £4,000 each year to all money purchase pensions. This includes your AJ Bell Youinvest SIPP. Also, you'll no longer be able to use any unused allowances from previous tax years (known as ‘carry forward’).
If you have the older capped drawdown, this restriction doesn’t apply. You'll still have an annual allowance of £40,000 even after taking an income payment.