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The DIY Investor
book

The DIY Investor

by Andy Bell
October 2013
Beginner content levelBeginner
296 pages
6h 32m
English
FT Publishing International
Content preview from The DIY Investor

chapter 5

SIPPs

SIPPs have become the retirement savings product of choice for investors wanting pensions that offer transparency, control, choice and competitive pricing.

A SIPP, which stands for self-invested personal pension, is a type of personal pension plan. SIPPs differ from personal pensions offered by insurance companies by virtue of the fact that they put you, the DIY investor, in complete control of where you invest your retirement savings.

SIPP overview

SIPPs offer exactly the same tax advantages as traditional personal pensions, meaning basic-rate, higher-rate and additional-rate taxpayers can get 20, 40 and 45 per cent tax relief on contributions respectively.

Investments held within a SIPP grow free of income and capital gains ...

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Publisher Resources

ISBN: 9781292000664