The universal appeal of Sipps

pensions

It is wrong to assume Sipps are only suitable for the well off as their costs have reduced in recent years, especially online offerings. However they should not be considered for any purpose other than retirement income

When Nigel Lawson introduced self invested personal pensions in 1989, he said in his budget speech: "I propose to make it easier for people in personal pensions to manage their own investments." Nigel Lawson's comment remains true to this day. Sipps are available to all types of investor, not just the wealthy or those with larger funds. A-Day has expanded the investment offering and the concept of investment control. However, in recent months I have been increasingly frustrated by media claims that only higher rate taxpayers can benefit from using Sipps post A-Day. I have become even...