Does someone want to post an Idea
I thought the suggestion is to have the SIPP charge applied inside the SIPP account and on the absence of available funds have it fallback to a credit card charge.
Just added: Choose to pay SIPP fee from the SIPP account
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You get 20% added on to the SIPP and the other 20% you claim back outside the SIPP via a tax return so saying youβd benefit for 40% within the SIPP isnβt correct anyway.
Yes you are right. I did not specify that the additional 20% that you claim back from HMRC via self assessment is paid outside the SIPP.
In the end it is still the difference between having Β£120 reduced from your yearly earnings versus Β£72.
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