Contributing to your pension over the Annual allowance
I am aware of the annual allowance, tapering, carry forward etc...
I am just getting my head around what is stopping someone making a large lump sum contribution to their pension (say £500,000), get the tax relief on what they can and then get no relief on the rest? Assuming their is no LTA issues and without knowing the implications beyond this, it seems to me that someone could do this as a way of getting money out of their estate for IHT purposes?
What am i missing here?