Low-cost cash only Sipp offer from Sippdeal

Online Sipp provider Sippdeal has launched a low-cost cash only Sipp with no annual administration f...

Online Sipp provider Sippdeal has launched a low-cost cash only Sipp with no annual administration fee. It is aimed at investors who wish to make use of their pension contribution allowance before the end of the tax year but don't feel confident enough to invest in the stock market. The cash is held in a Bank of Scotland deposit account and Sippdeal reclaims basic rate tax on the investment amount, £2,200 on a £7,800 investment, which is then credited to the account. Higher rate tax payers can reclaim a further £1,800 in tax via their self assessment tax return or by completing Inland...