SIPP stands for “Self Invested Personal Pension”, and in simple terms, it is a flexible, modern, pension vehicle owned by you. A Pension is simply a pot of money which you, your employer and the government can contribute into, with the purpose of providing an income and money in retirement. As the name suggests, a SIPP is “Self Invested”, meaning you get to choose where your pension pot is invested.
The Basics
- What is a SIPP?
- What is “Tax Relief”?
- Am I eligible to receive tax relief?
- What is the Lifetime Allowance for pensions?
- What is "Pension Protection"?
- Why would I put money into the Wealthsimple Pension?
- Why don't I just put money into a savings account and use that to fund my retirement?
- Am I eligible to open a SIPP?
- When can I take money out of my SIPP?
- What happens to my pension if I die?
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