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Can I make contributions into other people's SIPPs?

 

You can make a contribution of £2,880 to each of your dependants' Liberty SIPP every tax year. Liberty will reclaim 20% basic rate tax which will take it up to the maximum gross contribution to £3,600.

Unlike contributions made to your own scheme, you can not offset this contribution against your own tax liability so you will not be able to reclaim full tax relief if you are a higher rate tax payer.

 

Please note the value of investments, and any income from them can go down as well as up and you may not get back your original investment. We do not offer advice about the suitability of our products or any investments held within them. Should you require financial advice you should consult a suitably qualified financial adviser

 

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