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Sipp Advice
littlebw
Posts: 34 Forumite
I am 53 not working classed as disabled, i think its time to sort my future out
I have 3 small pensions worth about 10k that was last paid into 30 years ago
Should i pay into a sipp and which one bearing in mind i am completley clueless and need somebody to run it for me
what can i pay in
Thanks for looking
I have 3 small pensions worth about 10k that was last paid into 30 years ago
Should i pay into a sipp and which one bearing in mind i am completley clueless and need somebody to run it for me
what can i pay in
Thanks for looking
0
Comments
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Broadly speaking , if you are not working the maximum you can pay into a pension is £2.8 K PA.
A SIPP would be an expensive option for such a small annual contribution. A Stakeholder pension is probably a better option for you. As a non earner this would allow you to invest up to £2880 directly yourself and then have it topped up to £3600 by the taxman.
Rob0
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