Starting a SIPP/SSAS

Anyone under the age of 75 including non residents may invest in a SIPP/SSAS but only UK residents will benefit from tax relief at their marginal rate. Investors not currently in receipt of an income, including children may invest up to £3600 per annum which includes a 22% contribution from the Government.

The current maximum contribution that qualifies for full tax relief is 100% of your UK earnings up to £225,000 rising to £255,000 in tax year 2010. Employers may contribute this annual maximum on behalf of employees regardless of annual income.

You will need to take professional financial advice and we will be happy to recommend a suitable advisor.