The tax treatment of pensions depends on individual circumstances and could change in the future. It is always recommended that you seek advice from a suitably qualified investment professional if you are not sure whether a pension or any of its investments are suitable for you. Stakeholder Pension Schemes are also available and might meet your needs as equally as a SIPP. Please remember the value of investments and the income from them can fall as well as rise, and you might get back less than invested.