A Flow of Information  
Taxation, including sipps, inheritance tax, and welfare   
Taxation Issues: From Sipps to Inheeritance Tax
zeroing in on sipps
Tax and Pensions.

Tax & Politics General Tax

Taxation and SIPPS

What is SIPPS

SIPPS, the self invested personal pension scheme, is a radical change to the provision of pensions in the United Kingdom, which uses the taxation system as an inducement for retirement planning. It essentially empowers the tax payer to determine how the contributions to their pension fund are invested. The most common use of this right is currently for the purchase of proerty.

Taxation Benefits

SIPPS contributions are treated as other pension contributions, receiving automatic basic tax-relief, eith higher-rate payers being able to claim additional relief. Employer contributions are also permitted against coproration tax.

There are various other provisions worthy of note, including that the maximum contribution upon which tax relief can be claimed is 215,000. For more information in these, specialist websites like SIPPS World have emerged.