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ISA and SIPP?

todd89 · 2019-07-20 12:57:18

Dear all, I currently have an ISA with Vanguard which I pay into each month. I also have a current account with Santander which has had between 10k-20k for the past two years. I feel like it's not worth saving it in my bank anymore, so I'm wondering if opening a SIPP would be better? I would put in £500 into both the ISA…

Comments

Albermarle Posts: 31,044 Forumite

21 July 2019 at 12:17PM

Could he open a SIPP and I give him funds to add to this each year and benefit from it?

There is nothing to stop you giving money to anyone for any reason. However whoever invests the money in the SIPP will be entitled to the benefits . It would not be possible for example at a later date to transfer a SIPP from one person to another .

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