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As the member of the SIPP you can contribute to your own SIPP. Any contribution will be paid net of basic rate tax which Taylor Patterson will reclaim on your behalf. If you are a higher rate tax payer, the marginal rate of tax can be claimed on your self assessment tax return.
If you are an employed individual, your employer can also make contributions to your SIPP. Any contribution made by your employer should be eligible for corporation tax relief subject to the contribution meeting the “wholly and exclusively” rule set by HMRC.
Finally persons or organisations, other than yourself or your employer, can also contribute to your SIPP although tax relief is then given only at basic rate.
To find out more about contributions please download our guide