What are the tax benefits of a SIPP?

Investments held within a SIPP offer Income and Capital Gains tax benefits. Any SIPP contributions made will receive the usual Pension tax reliefs of up to 20%, this could be more depending on if you are a higher or an additional rate tax-payer.                                                                                                           

Example: If you pay £800 into your SIPP, the government will put in £200, to make the total contribution £1000

- Submitted on 29th Feb 2020

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