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Questions tagged [pension-sipp]

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UK SIPP allowance

If I have 10k of rental income and 10k of earnings from employment? What is the maximum amount I can pay into a SIPP? I assume this would be 8000 and (plus SIPP automatically reclaim 20% income tax, ...
Lost1's user avatar
  • 193
0 votes
1 answer
121 views

Can I buy stocks on Vanguard SIPP from UK

I currently have a SIPP account with HL. But I want to transfer my account to Vanguard as the annual account fee is much cheaper with Vanguard. However I don’t know and couldn’t find any information ...
MSBI-Geek's user avatar
  • 103
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30 views

Releasing funds from SIPP without triggering MPAA

I find the MPAA rules confusing. I am not employed at the moment and would like to extract about 10K GBP from my SIPP this tax year. Does this trigger MPAA?
Nick's user avatar
  • 217
2 votes
1 answer
49 views

UK Pension Annual Allowance and Carry Forward

If i have a pension and for the last 3 years didn't make any contributions. Then, this current tax year i make the full £60k contribution as per the annual allowance. Next year, what would my maximum ...
Adam Stewart's user avatar
1 vote
1 answer
95 views

SIPP pension withdrawal tax obligations (UK HMRC)

When investing in a SIPP you get tax relief. How much depends on whether you are a basic or higher rate tax payer. For this post, I am focussing on basic rate payer. My understanding is that when you ...
Gary Green's user avatar
4 votes
2 answers
110 views

How Does a Workplace Pension Interact With A SIPP In The UK

I currently have a workplace pension with People's Pension. My understanding is that this means that: I pay into it each month My employer pays into it each month The government gives me a certain ...
Undistraction's user avatar
4 votes
1 answer
109 views

Does the FSCS protection limit of £85K mean I have to spread my pension pot across different providers?

Considering the FSCS only pays compensation up to £85k in the event of a SIPP provider going bust, should I be spreading my pensions across different providers even if I predominantly invest in stock ...
Dan's user avatar
  • 441
4 votes
1 answer
199 views

Claiming UK benefits with a SIPP/ISA

I am ask for a friend, who is expecting hard times soon. My friend is not computer literate, and I know nothing of the UK benefits system. The best information I can find is How do savings and lump ...
Sam Fox's user avatar
  • 75
1 vote
0 answers
40 views

Rollover from workplace pension scheme to SIPP

If I stop working for an employer, can I transfer the funds from the employer's pension scheme to a SIPP without tax consequences? I think I should be able to because the funds in both schemes are pre-...
user2371765's user avatar
  • 1,084
2 votes
1 answer
112 views

Sample illustration for UK pension

Is the following sample illustration for contribution to a UK SIPP correct? Annual salary - £60,000 (Top marginal tax bracket 40%) Total tax (including national insurance) £16,558 (according to tax....
user2371765's user avatar
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5 votes
1 answer
278 views

Does higher rate tax relief count towards pension contribution limits in the UK?

I understand for 20/21 the annual pension contribution limit is 100% of your salary or £40,000, and this effectively means that the total of your employer pension contributions + personal pension ...
Dan's user avatar
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1 vote
2 answers
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Where/how does pension tax relief for higher rate tax payers get paid once a self-assessment tax claim is completed?

If a UK higher rate taxpayer makes payments into a SIPP, and then completes a tax self-assessment form, how will the government return the money? Does it pay it to a person's bank account? Into their ...
Dan's user avatar
  • 441
8 votes
2 answers
244 views

Will Poland tax my SIPP?

I am UK resident for tax purposes and have a SIPP. If I become resident in Poland for tax purposes then will Poland tax my SIPP? If so then in what way? My SIPP holds a single fund which does not pay ...
cja's user avatar
  • 175
0 votes
1 answer
1k views

As a shareholder, what are the pros and cons of a Share Consolidation and Return of Capital?

I hold shares in Land Securities, in a SIPP. My SIPP provider has written to me to let me know this: Following the recent sale of its 50% equity interest in 20 Fenchurch Street EC3M, Land ...
AakashM's user avatar
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1 vote
1 answer
99 views

How can I estimate future pension pot limit?

To ensure I don't overflow my pension in future, I require some way of best-guessing what the pension pot limit will be when I retire (it's currently £1.25M, soon to be £1M due to new policy). ...
Lawrence Wagerfield's user avatar
3 votes
1 answer
114 views

Which Novo Nordisk ticker is most tax efficient in a UK SIPP?

I'd like to own some Novo Nordisk and my investment vehicle is a UK SIPP (pension) account. There don't appear to be any Novo Nordisk listings directly on the UK, but there are many tickers listed ...
davmp's user avatar
  • 2,283
2 votes
3 answers
798 views

Putting borrowed money into an SIPP

I am employed and have about three years' salary in a stocks-and-shares ISA (an investment from which dividend income and capital gains are tax-free). I generally save £600 a month. The bank ...
Thomas Womack's user avatar
4 votes
2 answers
2k views

Pension LTA (Life Time Allowance) limit criteria

I've been reading about pensions and specifically the LTA (Life Time Allowance), and after spending days reading everything anyone has to say about it, the only thing I'm sure of is that there are ...
Michael's user avatar
  • 701
6 votes
1 answer
746 views

US tax handling of UK pension contributions

The UK currently has a pension (SIPP) contribution limit of up to 40,000 GBP per year (approx 60,000 USD at current exchange rates). 100% of this amount can be self-funded, in which case your ...
davmp's user avatar
  • 2,283