Skip to main content
What are the benefits of SIPPs?
Aidan Hamade avatar
Written by Aidan Hamade
Updated over 5 years ago
  • A SIPP puts you in control – always know where your money is invested and how it's performing

  • A SIPP provides generous tax benefits on the contributions you make to the account as SIPP plans are free from Capital Gains Tax (CGT) and Income tax

  • You cannot withdraw money from your SIPP until the age of 55, however you can normally take up to 25% of your SIPP as a tax free lump sum from this time

  • SIPP funds can often pass to your spouse free from inheritance tax should you die before taking the benefits

Tax treatment depends on individual circumstances and is subject to change.

Did this answer your question?