Local Government Pension Scheme and a SIPP?

explorerm

Hello,

I’m 49 and pay into the Local Government Pension Scheme and a basic rate taxpayer.

I have always assumed that I am not allowed to take out a SIPP myself because I already have a pension with my employer. 

I’m wondering now if if perhaps I am allowed also to pay into a SIPP it might be preferable to taking out an ISA, as I would be investing in an ISA for 10 years anyway and I believe there are additional tax perks to SIPPs? Also I could withdraw from a SIPP from age 57(if needed)?

thank you for any replies in advance   

NoMore

There's no limit to the amount of pensions you can have, only limits on the amount you can contirbute

Also more appropriate forum for this question here: Pensions, annuities & retirement planning — MoneySavingExpert Forum