This is a guest post from one of our UK readers Marjin. He talks about SIPP, which is equivalent to IRA and Roth in US. You get tax advantage to contribute to the pension plan provided you delay the withdrawal. Like IRA’s you’ll get complete freedom in choosing the investment vehicles for your retirement saving. Enjoy the reading!
Whether you’re thirty-five or fifty-five, it’s essential to spare some time every now and then to think about your retirement plans. If you want to have more than the state pension provides – and this is certainly advised – it’s essential that you start saving for your old age from as early as you possibly can.