Cash in SIPP - counted 2024/25 tax year?

Anon

This may sound like a silly question. If you paid in to a SIPP today (5th April) that is showing as available to invest/cash value, is it still counted as paid this tax year? Or does it have to be invested in a fund by midnight?

Thank you.

molerat

It counts when it is in the SIPP, you can hold bare cash, it does not need to be invested.

Notepad_Phil

And if you're not paying into a scheme that gives you immediate tax-relief then that when eventually added will also count as being for  this tax-year i.e. 2024/25.