*Tax relief is only available up to 100% of your earnings or £3,600 (gross) if that’s higher. If you contribute more than £40,000 (the annual allowance) in the 2019/20 tax year you may have to pay a tax charge for exceeding this amount, unless you have unused allowance from the any of three previous tax years. If you have earnings above £110,000 the amount you can contribute and get tax relief on may be lower (down to £10,000) and if you have flexibly withdrawn money from your pension pot using the pension freedoms this could be just £4,000.
For more information please review the following factsheets: Annual Allowance, Carry Forward, Tapered Annual Allowance and Money Purchase Annual Allowance.
The value of investments can go down as well as up so you may not get back what you invest. Eligibility to invest in a SIPP or Junior SIPP depends on personal circumstances and all tax rules may change in the future. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser. Withdrawals from a pension product will not usually be possible until you reach age 55.