Taxes on sipp

Benlovesmoney

Hi there, I am aged 26 and I am investing £175 per month gross including 20% tax relief into 3 funds via Hargreaves lansdown.

I am also planning to make some one off pension purchases in the next 12 months in uk equities which I wil be making via my pension wrapper.

Is capital gains tax/dividend tax applicable on these investments? For information my annual wage (commission based) is c£45k pa

Linton

Benlovesmoney wrote: »

Hi there, I am aged 26 and I am investing £175 per month gross including 20% tax relief into 3 funds via Hargreaves lansdown.

I am also planning to make some one off pension purchases in the next 12 months in uk equities which I wil be making via my pension wrapper.

Is capital gains tax/dividend tax applicable on these investments? For information my annual wage (commission based) is c£45k pa

All transactions in a SIPP are tax free - you and your SIPP are different "people".

Chris_P_2

Linton wrote: »

All transactions in a SIPP are tax free - you and your SIPP are different "people".

Apart from the 10% tax credit on uk dividends.

And oveseas trading taxes.

OP: pension contributions receive incoem tax releif at your highest marginal rate, so self assess to reclaim your higher rate tax back