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Investment guides: Pensions and Sipps

Created:
2 May 2007
Updated:
30 May 2007
Written by:
IC personal finance team

Every person of working age should do this once in a while: get in touch with the Pension Service and ask for an estimate of your future state pension. Chances are, you’ll get a shock. And that’s when our collection of guides to saving for retirement come in handy.

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Unless you’ve been paying into an employer’s pension scheme for decades, it’s likely you need to make greater provision for your retirement – and it’s never too early to start.

If you’ve already got significant pensions assets, you might want to consider putting them into a self-invested personal pension (Sipp). These give you a greater choice of investments, more flexibility and can result in lower charges.

For an introduction to Sipps, see ‘Unleash your pension’, and for a list of common questions and answers, try our ‘Are you taking the Sipp?’question-and-answer piece.

To see how Sipps can work for you, read how our contributor David Stevenson runs his, in ‘Top tips for Sipps’. For ideas on what investments to put in a Sipp, browse through ‘Invest like a pro’ and for a discussion of the pros and cons of drawdown (where you take a lump sum out of your pension pot at the start, in lieu of bigger regular payments later on), read ‘The ups and downs of drawdown’.

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