Sipps

Best Sipp: find the best broker for your portfolio size

It’s now 30 years since Nigel Lawson fired the starting gun on the self-invested personal pension (Sipp) revolution. The then-chancellor’s 1989 Budget included a proposal to “make it easier for people in pension schemes to manage their own investments”, with the details following several months later and the first Sipp launching in March 1990.

Getting to grips with Sipps: what you need to know about the Lifetime Allowance

August 30, 2019

In the fifth episode of our jargon-free video series on self-invested personal pensions, or Sipps, Money Observer editor Faith Glasgow runs through the Lifetime Allowance, which applies to any pension, not just Sipps.

In the video, Faith explains how the Lifetime Allowance is calculated and why public sector workers such as headteachers, senior civil servants or GPs are likely to be affected, while also outlining the tax charges applied when the Lifetime Allowance is breached.

Getting to grips with Sipps: how much money can I put into a Sipp each year?

August 29, 2019

In the fourth episode of our jargon-free video series on self-invested personal pensions, or Sipps, Money Observer editor Faith Glasgow explains the limit on the amount you can pay into a Sipp and get tax relief on each year.

The video also details why those who receive income of £210,000 or more will only be able to make the minimum £10,000 of contributions with tax relief each year.

Ask Money: where do I stand on pension contribution limits?

August 9, 2019

Reaching age 55 was a rude awakening in terms of pension planning and provision. Since then I have been able to pay the maximum £40,000 annually into my self-invested personal pension and to use carryover from previous years. My plan is to pay in the maximum £40,000 during the first six months of the next financial year and then take early retirement in October 2020. I can access a small number of final salary schemes for both taxable and tax-free income, leaving the Sipp invested for a few years before taking it.

Getting to grip with Sipps: what about the tax perks?

In the third episode of our jargon-free video series on self-invested personal pensions, or Sipps, Money Observer editor Faith Glasgow explains the beauty of the tax wrapper, but points out that there is no guarantee that the status quo will continue, so investors ought to reap the rewards while they can.

Getting to grip with Sipps: what can you put in a Sipp?

May 8, 2019

In the second instalment of our jargon-free video series on self-invested personal pensions, or Sipps, Money Observer editor Faith Glasgow compares the range of investments available in different kinds of Sipp with your choices in a personal or workplace pension.

For Money Observer articles on Sipps, please click here.

The best Sipp platforms for your portfolio - 2018

The subject of investment platform costs and charges featured prominently when the Financial Conduct Authority (FCA), the City regulator, published the outcome of its year-long study of the platform market in July. The FCA found that charges and the range of available investments on offer were the most important factors for DIY investors when comparing platforms, while lower charges were identified as the main motivation for investors switching platforms.