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SIPP a good idea ?
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previous thread on this subject:- https://forums.moneysavingexpert.com/discussion/5477605
Thank you,have just started reading,very useful !!0 -
Do you have to tell HMRC if you open a SIPP or does all that happen automatically from the fund managers ?0
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Nationwide8 wrote: »Do you have to tell HMRC if you open a SIPP or does all that happen automatically from the fund managers ?
The platform provider will claim the 25% from HMRC and in the background it will all be tied together via your NI Number so no need for you to inform them.
You would only need to get in touch if you were a higher rate taxpayer and needed them to adjust tax code.0
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