A Simple Guide to Self-Invested Personal Pensions (SIPPs)
Get to grips with SIPPs! A popular type of personal pension that allows you to take maximum control over your investments.
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Results
Total Contributions lost
For 1 year £115
For 10 years £1,879
For 20 years £7,034
For 30 years £18,312
Includes the impact of both employee and employer national insurance contributions. Based on 5 per cent pension pot growth, 2 per cent inflation, and 3 per cent wage growth. Assumes National Insurance bands remain frozen for 2029-30 and 2030-31, then start to rise in line with inflation.
