When will I receive the tax reclaim?
It depends when you pay into your SIPP. If we receive your SIPP contribution on or before the 5th of the month, we’ll reclaim the basic-rate tax relief from HMRC and pay it as cash into your SIPP account on the 25th of the following month.
For example, if we receive your contribution on 1 April, we’ll pay the tax reclaim into your account on 25 May. However, if we receive your contribution on 6 April, we’ll pay your tax reclaim on 25 June.
The tax reclaim will be paid as cash into your SIPP account, and you’ll be free to invest it. If you’re not sure where to invest, our investment ideas can help.
Please remember that tax rules and allowances can change in the future.
Find out more about contributing to your SIPP