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SIPP small pot under £10000
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Mikey481
Posts: 32 Forumite
in Cutting tax
Evening all
Does the 25% tax free element of a SIPP when taken as a small pot under £10000 count towards income for HMRC purposes
Many thanks
Does the 25% tax free element of a SIPP when taken as a small pot under £10000 count towards income for HMRC purposes
Many thanks
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Mikey481 said:Evening all
Does the 25% tax free element of a SIPP when taken as a small pot under £10000 count towards income for HMRC purposes
Many thanks
Not if taken under the small pots rules no.
Outside of the small pots rules it would only be taxable if you had used your entire ~£268k TFLS entitlement.2
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