We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Any point in invsting in a SIPP after 75?
With the loss of tax relief on contributions and SIPPs being brought into IHT scope, assuming providers even accept contributions after 75, is there any point?
It would seem the best option would be to redirect any available funds into an ISA / give to family / paint the town an appropriate colour!
Comments
-
As always, it depends what you're trying to achieve. Painting the town sounds a good option!
Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!0 -
:) Mostly confirmation that SIPPs cannot be used post 75.
Fortior quo paratior0 -
Why not?
and yes, contributions post age 75 are possible in the right scenario - mainly employer contributions. There isn't much point with personal contributions which is why most providers wont allow those.
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.1 -
Thank you, that was the specificity I hadn't quite locked down.
Fortior quo paratior0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards