Eligibility

Who can have a SIT SIPP?

If you are resident in the UK, Jersey, Guernsey or the Isle of Man or are a Crown employee serving overseas you can open a SIT SIPP.

You can open a SIT SIPP even if you are already an active member of an employer's pension scheme or are contributing to other pension plans.

You can take out a SIT SIPP if you are:

• employed;
• self employed;
• a pensioner;
• a carer;
• in full time education; or
• unemployed.

Please note that in order to pay contributions into a SIT SIPP you must be resident in the UK for tax purposes.

Spouses, partners and children

Your spouse or partner, children or grandchildren could have a SIT SIPP and, even if they are not earning, take advantage of tax relief on contributions of up to £3,600 each tax year.

Contributions into their SIT SIPP can build into a fund that could give them valuable additional income in retirement.

If you would like to know more about applying for a SIT SIPP on behalf of an applicant who is under the age of 18 or a non-earning spouse or partner, please see the The SIT SIPP Key Features Document.


Tax benefits of The SIT SIPP