Retirement planning is important and complex and you should try and start at the earliest opportunity. If you have pensions in different places then it may be a good idea to consolidate to save money on fees or to facilitate an Annuity, Drawdown or Lump Sum Payment.
Retirement is often described as life's longest holiday. So connecting with a Fianancial Adviser at the right time can ensure your goals are met.
By completing an enquiry via our site, here we will match you to an available adviser who will contact you to discuss your requirements in more detail.
A self-invested personal pension (SIPP) is a special kind of personal pension. It lets you choose the investments that make up the fund, which makes it the most flexible kind, and an attractive option for those who like to take a more active role in investment.
To open or pay into a SIPP, you must be under the age of 75. You can also open a SIPP for a dependent, including someone under 18 (this is known as a Junior SIPP and has its own special rules). You can also make payments into someone else’s SIPP (e.g. your spouse’s or parent’s) but they must set up the SIPP themselves.
Otherwise, the rules on SIPPS are the same as those for pensions in general. You benefit from the same tax relief and tax-free growth, the same annual and lifetime allowances, and can access your pot in all the usual ways from the age of 55.
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