What are the benefits of SIPPs?
Aidan Hamade avatar
Written by Aidan Hamade
Updated over a week 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.

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