A Self-Invested Personal Pension (SIPP) can be a great retirement savings tool for UK expats, but it’s not the right choice for everyone. If you’re living abroad and wondering whether a SIPP is suitable for your financial situation, this guide will walk you through the key advantages and potential pitfalls. What is a SIPP? A SIPP is a UK-based pension that gives you control over how your retirement savings are invested. Unlike traditional workplace pensions, a SIPP allows you to…
Navigating pension options can feel like a maze. Whether you’re eyeing retirement or simply planning ahead, understanding how to efficiently access your pension tax-free cash is crucial. Here’s a straightforward guide on why you might not want to withdraw your pension commencement lump sum all at once and how doing it in phases could benefit you and your family.