Paying lump sum into pension before Dec 31 to lower tax for 2017?

Blue9987

Registered User
Messages
12
I turned 40 in October and had planned to start a pension in January 2018.

Q1: Is it possible for me to open a pension before the end of the year, pay a lump sum into it, and claim a tax refund in 2018?

Q2: As I only turned 40 in October, am I allowed to put the full 25% of my 2017 earnings into the pension?
 
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