Rajwinder Singh
Joined: 8/18/2024
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Claim tax relief on personally contributed retirement (SIPP)
Hi, I contributed £20,000 into ii (Interactive Investor) SIPP. They added £5,000 back into my ii account. Now I am filling self-assessment form and there is a section for SIPP. I am confused whether I should put £25,000 in that section or £20,000. Another question would be, how much would be my total tax refund for this £20,000. Given that ii gave me £5,000 back, how much more will I get back from HMRC and in what account? I know this is a naive question, but help would be appreciated. I am in additional rate (45% tax bracket).