Help & FAQs

What are the 'Taper' rules - regarding SIPP's?

The Pension Annual Allowance “taper” was  introduced in the tax year of 2016/17. The rules mean that anyone earning more than £150,000 will see the amount they can save into a pension each year reduced.

Submitted on 17th May 2019

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The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Selftrade does not provide investment advice. If you are in any doubt as to the risk or suitability of an investment or product you should seek advice from an independent financial adviser.

The extent and value of any ISA tax advantages or benefits will vary according to the individual's circumstances. The levels and bases of taxation may also change.

The extent and value of any SIPP tax advantages or benefits will vary according to the individual's circumstances. The levels and bases of taxation may also change. If your options change regarding an employer's pension scheme you may wish to review your financial situation. Once in a pension your money is only accessible, in general, from age 55.

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