To apply for a SIPP you must be eligible
You are eligible if:
- You are under the age of 75 and wish to contribute to a SIPP, or
- You wish to Transfer to a SIPP only - If all you want to pay into a SIPP is a transfer value from another pension arrangement then this is the only eligibility condition. However, there may be restrictions on the type of transfer value that is eligible.
New rules introduced in April 2006 generally give much greater scope for making contributions and more flexibility in taking benefits.
You are not limited on the number or type of pension plans you can contribute to, so you can be a member of a company pension scheme and at the same time contribute to another personal pension plan.
Most people are eligible to invest in a SIPP, including:
- Self employed
- Non working spouses
- Children under 18
- Carers
- UK residents living overseas.
In addition, provided you are under age 75 and your pension plans are registered with HMRC, UK basic rate income tax relief will be available, providing that contributions meet the conditions set by HMRC.
» Learn About SIPPs
» Register your interest
» Contact Us - find out who to contact if you have a query.
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