Gilt Income in SIPP

watt66

Hello,
When holding Gilts in a SIPP, does the coupon payments and redemption payments just "appear" as cash in the SIPP account when they are paid, or do you apply for them somehow?
Thanks

NoMore

For me on II they just appear as cash.

BobR64

Similarly with HL. It is reported in the same place you see other income such as dividends. In the case of HL, there is single global setting per account (i.e., per SIPP, ISA and GIA) as to whether you want income reinvested and this will be applied to gilt income.

watt66

Thanks both, I am with AJ Bell, I will be asking what the drawdown, lump sum etc fees are before I formalise this route, cheers.

DRS1

I only have a GIA with HL but I assume the same applies with SIPPs and ISAs.  The coupon goes into the income section (with dividends etc) and the redemption payment goes into the capital section (with the proceeds of any share sales etc).

GenX0212

watt66 said:

Thanks both, I am with AJ Bell, I will be asking what the drawdown, lump sum etc fees are before I formalise this route, cheers.

It just gets paid back to your SIPP account in cash. I am with AJ Bell and received my first coupon payments a week ago.