P2P Income Classified as "Earned Income" According to HMRC?

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p2pfan
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P2P Income Classified as "Earned Income" According to HMRC? Apr 12, 2020 20:03:08 GMT

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Post by p2pfan on Apr 12, 2020 20:03:08 GMT

In terms of being able to make SIPP pension contributions from earnings, the following types of income are not classified as suitable "earned income" as per HMRC's guidelines:

- buy-to-let income
- interest on cash deposits
- pension income
- investment income

I've not been able to find anything online specifically referring to P2P income despite looking far and wide. But, if bank account interest and investment income does not classify as suitable "earned income" from which I can make SIPP contributions I presume neither does P2P income?

Same situation with dividend income I presume?

Thanks very much.

Ace Moderator Posts: 5,350 Likes: 6,248	P2P Income Classified as "Earned Income" According to HMRC? Apr 12, 2020 20:19:32 GMT p2pfan likes this Quote Select Post Deselect Post Link to Post Back to Top Post by Ace on Apr 12, 2020 20:19:32 GMT I would have thought that Investment Income would cover it. You can still pay £2880 into a SIPP even with no income, which gets grossed up fo £3600 after tax reclaim.
	I'm an equity investor in AxiaFunder and a minor equity investor in Brickowner, Crowdstacker, Proplend, CrowdProperty, Assetz Capital, Elfin Market, Qardus, Loanpad, Shojin & CapitalRise (and regrettably Fund Ourselves and ABLrate). All info and opinions stated are in a personal capacity. This time next year I'll be a miwionaire Rodders!

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P2P Income Classified as "Earned Income" According to HMRC?

Post by p2pfan on Apr 12, 2020 20:03:08 GMT

Post by Ace on Apr 12, 2020 20:19:32 GMT