Tax benefits of The SIT SIPP

The SIT SIPP gives you:

• tax relief on contributions made by you or on your behalf (but excluding any employer contributions) up to current HMRC limits;
• the option to take a tax-free lump sum of up to 25% of the value of your pension fund or 25% of your unused lifetime allowance (£1.5m for 2012/13) (whichever is the lower) when you take your pension benefits;

Please remember that taxation laws and the levels of and relief from taxation may change. The favourable tax treatment of SIPPs may not continue in the future.  Any tax relief referred to is curernt at the time of writing and its value depends on your individual circumstances.  If you are in any doubt as to your tax position, you should consult your professional adviser prior to making any decision to establish a SIPP.


Contributions