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Cash in SIPP - counted 2024/25 tax year?
Anon
Posts: 14,562 Forumite
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.
Thank you.
0
Comments
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It counts when it is in the SIPP, you can hold bare cash, it does not need to be invested.
1 -
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. 2024/25.1
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