If you have benefits which are subject to enhanced or fixed protection, any protection will be lost if a further contribution is paid.
Tax relief can be claimed on contributions made before you reach 75 years and provided you satisfy at least one of the following:
(i) You are resident in the UK for tax purposes.
(ii) You are in receipt of earnings which are chargeable to UK income tax.
(iii) You or your spouse/civil partner are a Crown Servant employed overseas.
The receipt of any basic rate tax relief due can take up to 11 weeks to claim after payment. Tax relief above the basic rate of tax should be reclaimed via your annual self-assessment tax return.
Please ensure you seek advice from a suitably qualified professional before making contributions into your SIPP.
