The Harsant SIPP offers significant tax relief in a number of ways. The following tax relief applies to the Harsant SIPP:
- Tax relief on your contributions
- Investment income tax deducted at source, except that on UK dividends, can be reclaimed
- Investment growth is free from Capital Gains Tax
- Company contributions made on your behalf will normally qualify for corporation tax relief, as a business expense
- On retirement, you may take 25% of the total value of your fund as a tax free lump sum
- Lumps sums payable on death before retirement will normally be free from inheritance tax.
Important Notes:
- Tax Risk:
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HM Revenue & Customs (HMRC) practice relating to pension legislation and, in addition the treatment of personal taxation is subject to change. Any changes, including changes to your own personal circumstances, may affect the pension income you receive from your SIPP and entitlement to tax relief on contributions.
You should seek appropriate taxation advice specific to your circumstances, before proceeding.
- Capital Risk:
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The value of your SIPP is the value of the investments held within it. Investment values can go down as well as up and may therefore be worth less than the amount you invested initially.
