SIPP accounts are currently offered on a Beta basis and are available only to a limited number of users for testing purposes. During this period, features, functionality, and availability may be subject to change or withdrawal without notice.
We will announce when SIPP accounts become available to eligible UK-resident clients of Trading 212 UK Ltd.
Once you start taking taxable benefits from your pension, your annual allowance will be permanently reduced to £10,000. This is known as the Money Purchase Annual Allowance (MPAA). This limit includes all contributions made by you, your employer, or a third party into your defined contribution pensions.
Once the MPAA is triggered, you cannot use any unused annual allowance from previous tax years to increase the £10,000 limit.
This reduced allowance starts the day after you first access taxable benefits. It does not impact any savings or contributions made before that specific date in the same tax year.