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Posted Fri, 21 Jun 2024 17:40:58 GMT by D629597
I recently sold some of my company shares built up through SIP and variable pay performance shares, I would like to put the proceeds into my SIPP. Can I do this? I paid tax on the SIP shares on purchase and when the performance shares vested. Thanks
Posted Tue, 25 Jun 2024 11:14:20 GMT by HMRC Admin 17 Response

Hi,
 
Yes, but to claim tax relief, only to take you up to your threshold of either £60000

or your annual earnings, whichever is lower .

Thank you .
Posted Tue, 25 Jun 2024 14:35:46 GMT by D629597
So are they classed as allowable earnings for tax relief? If I earn X + the share proceeds this year can I get tax relief up to all or just up to X? Thanks
Posted Fri, 28 Jun 2024 13:47:05 GMT by HMRC Admin 25 Response
Hi D629597,
The actual sale of the shares is not earnings unless they are part of your P60 income.
Thank you. 

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