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Newbie - SIPP dividend tax relief?
Andysaint
Posts: 20 Forumite
Hi
Quite new to investing etc - so sorry if this seems like a really basic question.
I have a SIPP and get some small dividends paid out to it on a quarterly basis. This goes into the cash section of my SIPP, and I usually just reinvest it all back into my funds in the SIPP. The question is do I get any tax relief on the dividends I reinvest, or do I only get this is bank deposits I make into the SIPP?
Thanks
Quite new to investing etc - so sorry if this seems like a really basic question.
I have a SIPP and get some small dividends paid out to it on a quarterly basis. This goes into the cash section of my SIPP, and I usually just reinvest it all back into my funds in the SIPP. The question is do I get any tax relief on the dividends I reinvest, or do I only get this is bank deposits I make into the SIPP?
Thanks
0
Comments
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There is no tax payable on dividends within a SIPP therefore no relief is available.1
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Thanks for your quick response and clearing this up
0 -
No. Only the qualifying contributions from outside the SIPP
1
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