Bridging to Retirement – Splitting SIPP & ISA Contributions

Edit 06Dec21: I realized that this is all completely wrong! You can get the same effect, without paying National Insurance, by just putting part of the money to the pension, then taking the 62% hit on the take home cash for an ISA. For example, for £1,000 of pre-tax income, put £475 in your salary

UK Self-Invested Personal Pension (Account Options)

A Self-Invested Personal Pension (SIPP) is a common type of retirement savings vehicle in the UK. It doesn’t have a neat equivalent in the US – it’s kind of like a 401(k) but just for you. Synopsis A SIPP is very similar to a UK employer-provided pension, although won’t typically have employer contributions (it’s allowed,