SIPP eligibility guide

This interactive guide can be used to help you determine if you are eligible to contribute to a personal pension.

It will indicate whether you qualify to receive tax relief on your contributions and the maximum amount you can therefore contribute. How much depends on your circumstances. It is not personal advice. If you have any questions regarding the information, or require advice, please do not hesitate to call us on 0117 980 9926.

Important information

This guide is not advice. It is based on our current understanding of the rules, which may change in the future. The tax benefits will depend on your personal circumstances. If you are unsure, you should contact us and we can put you in touch with a financial adviser.

Before investing in a pension, please remember you cannot normally access the money until at least age 55. The value of investments can fall as well as rise so you may get back less than you invest. Please also read 'How much can I contribute?'.

Useful terms:

Gross Contribution - This represents the amount you contribute including the tax relief. For example, a gross contribution of £3,600 represents a net contribution of £2,880 (80% of £3,600) which is the amount you pay, and tax relief of £720 (20% of £3,600) which is the amount the government adds.

Relevant UK Earnings - For most people relevant UK Earnings would be the amount of income you earn annually through employment. For example your salary before tax, or if you are self employed your taxable profit. It would not include, for example, interest from savings or dividends from shares.

UK resident - If you are unsure whether you are, or have been, UK resident for tax purposes then please contact HM revenue & Customs for clarification.