Allow dividends paid to a Sipp in drawdown to be withdrawn tax free up to limit.

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Allow dividends paid to a Sipp in drawdown to be withdrawn tax free up to limit.

Petition Details

Dividends from shares are now tax free up to £5,000 pa. As a Sipp holder, soon to be in drawdown, I have realised that dividends paid to the Sipp, then withdrawn by the pension holder, will be taxed at marginal rate. Pensioners should have the option to withdraw dividends up to £5,000 pa tax free.

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