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Scottish Parliament Achievements

Scary Bear

By Scary Bear
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Dawson Park Boy

Dawson Park Boy

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Posted
8 minutes ago, Granny Danger said:

The only way to get all you’re money out of a private pension (SIPP) tax free is to die before you’re 75.

Seems a bit extreme tbh.

Why should you get it all out tax free?

Remember, you received tax relief at your highest marginal rate on your contributions.

You received 25% tax free , I think, on the total SIPP pension pot on retiral. Someone earlier said 15%. Maybe it’s changed to that?

Seems a good deal to me.
Also, when you do die, you can pass on the benefits free of IHT.

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