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Sam, Accountant
Category: Tax
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I own a business and I have a SIPP with around £100,000 sitting

Customer Question

I own a business and I have a SIPP with around £100,000 sitting in it. I understand that I can borrow money from this pension? If so, how much can I borrow and within what terms?

Kind regards
Submitted: 3 years ago.
Category: Tax
Expert:  bigduckontax replied 3 years ago.
Hello, I'm Keith and happy to help you with your question.

Your question is causing a degree of confusion. Could you please define what you mean by 'borrow?' You can certainly withdraw funds, currently 30K and from April 2015, 100%. Is this what you are getting at?