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Tax free lump sum from SIPP

Answer
Romfordian
Posted Thu, 11 Apr 2024 10:24:53 GMT by Romfordian
If I choose to take the 25% tax free lump sum from my SIPP, is the amount based on total value of SIPP, i.e. cash & equities. Or, just on the cash portion?
HMRC Admin 25 Response
Posted Fri, 19 Apr 2024 13:48:29 GMT by HMRC Admin 25 Response
Hi Romfordian,
You can usually take up to 25% of the amount built up in any pension as a tax-free lump sum.
Have a look here for more information:
Tax on your private pension contributions
Thank you. 

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