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New SIPP Account - when is tax money added?


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So I've created a new SIPP account and filled in an Options UK form several weeks ago.

I haven't had any feedback after filling out the Options UK form but had deposited a small amount of money in.

When should I start seeing tax money being added to SIPP?

Edited by matohak
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  • matohak changed the title to New SIPP Account - when is tax money added?

Hi @matohak

Kindly note that the basic tax rate will be claimed by us from HMRC and then credited to the SIPP cash account after 6 to 11 weeks. Should you pay the basic rate which was 20% in 2021/22, you can claim the extra tax relief by contacting the HMRC. 

All the best - MongiIG

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