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SIPP drawdown question
proudgecko
Posts: 46 Forumite
Hi, new to SIPPs and getting my brain in a muddle
i have a cash in a SIPP with HL earning interest
and I now have cash in a SIPP drawdown account with HL earning interest
my understanding is the interest on the SIPP is not taxable
but is the interest on the drawdown account taxable while it remains in the drawdown account
i have a cash in a SIPP with HL earning interest
and I now have cash in a SIPP drawdown account with HL earning interest
my understanding is the interest on the SIPP is not taxable
but is the interest on the drawdown account taxable while it remains in the drawdown account
0
Comments
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Neither is taxable while it remains in the overall SIPP regardless of whether it's crystallised or not0
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Thanks ColdIron0
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There is no tax on interest/capital gains/dividends on money in a DC pension ( SIPP is a type of DC pension) regardless of whether it is in a drawdown account or not.0
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