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SIPPing a pension fund?
Comments
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So what I would like to do is leave my £60k to grow till I'm 65, then purchase an annuity with this fund. Are there any limits on what kind of annuity I could buy with my SIPP? Would I still be able to buy one that provided a pension for my wife on my death for example?Favours are returned ... Trust is earned
Reality is an illusion ... don't knock it
There's a fine line between faith and arrogance ... Heaven only knows where the line is
Being like everyone else when it's right, is as important as being different when it's right
The interpretation you're most likely to believe, is the one you most want to believe0 -
Are there any limits on what kind of annuity I could buy with my SIPP?
no.Would I still be able to buy one that provided a pension for my wife on my death for example?
Yes.
No different at all to what is available if you dont do drawdown.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Many thanks.no.
Yes.
No different at all to what is available if you dont do drawdown.Favours are returned ... Trust is earned
Reality is an illusion ... don't knock it
There's a fine line between faith and arrogance ... Heaven only knows where the line is
Being like everyone else when it's right, is as important as being different when it's right
The interpretation you're most likely to believe, is the one you most want to believe0
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