People planning for their retirement have been urged to look at setting up a SIPP as the scheme comes with several advantages.
Ed Monk, associate director, Personal Investing at Fidelity International, told Express.co.uk: “A SIPP is a tax-efficient way to start saving for your retirement with any contribution you make boosted by the Government.
“For example, if you are a basic-rate taxpayer and save £80 into a SIPP, the government will top this up with an extra £20.
“And if you are a higher or additional rate taxpayer, this benefit can be even greater. SIPPs have a wide range of investment options which gives you plenty of choice over how your pension is invested.”
He said that as…
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