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Showing results for tags 'SIPP'.
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Hi, Can anyone in the HPC Hive recommend some good reading or resources regarding SIPP. I've churned through the easily found stuff online but wondered if anyone had and other documentation or websites they have found particularly useful? It's mainly guidance and knowledge on the admin with my employer i'm after... Our work is also auto-enrolling come April and we have a seminar from their chosen pension provider (https://www.architecture.com/RIBA/Professionalsupport/TheRIBAPension/TheRIBAPension.aspx) - I'm aware that having a SIPP allows you to opt out, but again any words of wisdom on this would be excellent. Ta.
Dear all, Need some Sipp advice. Am currently getting a much higher than my typical average salary, so while this lasts I want to minimise tax and maximise my savings potential. Plus to be honest have never really taken a pension seriously before and it is time to start doing so. Here are the facts: Six months into tax year paid 45k so far estimate 90k for tax year. Have not filled isa allowance or my son’s isa yet. Paid over 50% of salary in commissions, paid quarterly. No sipp at present, just small stakeholder one getting approx £200 per month paid by company I work for. Questions: Which is best low cost sipp provider around atm? Am going to look at low cost index trackers (recommendations?) I know a pension is a long term bet, but typically they say 60% equity/40% bonds for someone my age (mid to late 30s) as per Tim Hale's book, but bonds appear risky and equities could drop soon especially if I am investing in quarterly lumps. Should I hold it in cash within the SIPP, is this possible? Then buy equities when prices have dropped further? Should I lump as much as possible of remaining yearly pay into Sipp? What’s the annual limit? Any other tips. Cheers, J