UK Investment For Beginners: SIPP vs ISA Which Is Best in 2019?

Which is best? A Self Invested Personal Pension (SIPP) or an Individual Savings Account (ISA)? They both offer a way of investing without incurring capital gains tax or income tax, but are quite different in terms of when they generate their tax benefit and flexibility in terms of when you can access your investments and the tax implications of withdrawing money.
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#PensionCraft #SIPP #StocksAndSharesISA

[@Pensioncraft]

Looking for a home for your ISA? Our friends at InvestEngine are offering a Welcome Bonus of up to £50 when you invest at least £100 with InvestEngine (Ts&Cs apply) investengine.pxf.io/anQ5QM If you decide to register using this link then we will also receive a small commission. Capital at risk. InvestEngine (UK) Limited is Authorised and Regulated by the Financial Conduct Authority (FRN: 801128)

[@stephanem5125]

Great video, making a complex subject easier to understand

[@Pensioncraft]

Glad it was helpful! @stephanem5125

[@VV-wl8gb]

Excellent information, thanks! Subbed

[@Pensioncraft]

Thank you VV!

[@Pardaillan81]

As usual excellent content.

[@Pensioncraft]

Thank you Pardaillan81!

[@maxkilworth]

I have both, thanks for the video!

[@Pensioncraft]

No problem!

[@patelmilan3134]

Very Informative…Appreciate it!

[@Pensioncraft]

Thanks for watching @Patel Milan

[@europaexplorer1]

This is very good!! Thank you.

[@Pensioncraft]

My pleasure and thank you for watching. Ramin

[@bainzylad]

thank you for the education!!!!!! SIPP for me!

[@michaelfarrell7319]

thank you for the information

[@xredo799]

Really useful video. Thanks

[@Pensioncraft]

Hi x Menda, glad it was helpful! Thanks, Ramin.

[@markelvins8243]

Good video, well explained, thnaks.

[@Pensioncraft]

Glad it was helpful Mark

[@andredeoliveira4125]

Great video, with great content:)

[@Pensioncraft]

Thanks so much!

[@jacc88888]

Really helpful. Thank you.

[@Pensioncraft]

Glad to hear it! @jacc88888

[@seanhutcheson7638]

very concise and informative! took me hours to make notes on all of this information from the government website when i did my research!

[@Pensioncraft]

Thank you Father Jerry, I hope I've saved other people some time wading through all those rather terse pages. I tried to include references for each source so that people can always refer back to the original web pages. Thanks, Ramin.

[@PandorusFightStick]

Really good video !!

[@Pensioncraft]

Hi Trak Select Sim Racing, pleased you enjoyed it. Thanks Ramin

[@bunducraducu6718]

Thank you, Sir!

[@Pensioncraft]

You are welcome!

[@jpgaur]

Great video most clear info I ever found, many thanks. One Q - Which are the SIPP providers in UK who offer big pool of ETF (Including overseas) to select from and also direct USA share purchase within the UK SIPP framework?

[@roamphlett]

Thank you so much! Just funded my first stocks and shares lisa, will be choosing what o invest in when the government bonus comes through. A lot of your videos made the process far less intimidating, Cheers. Never used subbed to anyone on patreon before, but all this quality content deserves it.

[@Pensioncraft]

Thanks Robert, I really appreciate your kind comments and your support. I hope you get some value out of your Patreon subscription. Ramin.

[@conorm2524]

Your videos are fantastic. Concise and informative. I've been researching whether to embark on a SIPP or a Stocks & Shares ISA. I'm a freelancer and have been maxing out my Help To Buy ISA since 2016 but want to invest further now. Something to ponder. I'll be looking at your courses and Patreon offers too. The ROI on those could be staggering!!

[@FXCartel]

Could of been in a life time isa earning you 8%

[@conorm2524]

@@FXCartel Well since this comment over a year ago I took a few courses and I'm still a Pensioncraft Patreon/community member. I moved my Help To Buy into a Lifetime ISA. I've also got a S&S ISA and a SIPP. I'm not sure where you're getting the 8% figure from but so far I've been doing pretty well. Thanks.

[@FXCartel]

@@conorm2524 average over the last few years. Great to see you using the Lisa as the help to buy is very restrictive I was just hoping you benefit the most

[@alokjoshi3016]

Super helpful

[@Pensioncraft]

Thank you glad you thought so.

[@jamiewest4701]

Thank you. It doesn't matter about which SIPP I choose because it's upto my own investments?

[@nileshshah4397]

Hi Ramin, just started watching your videos, great quality thanks. Also see you were at IC, same as me comp sci 1991, and I see u code from your bookshelf, numerical recipes :). Question, if I have some stocks and I open a SIPP with a in specie transfer, I guess I dont get a 20% boost from taxman. However if I liquidated the stocks and then used that to open a SIPP, would I get the 20% boost? Take into account I do have a workplace defined contribution pension, how does that change any contribution I can make to a personal SIPP. Thanks

[@falloverpete]

I would have liked if you could have mentioned the costs of an ISA compared to a SIPP also. I think this would be an important point for consideration.

[@Pensioncraft]

Hi Gregory that's a good idea, but there are lots of ISAs and SIPPs and the cost depends on how much you invest. For example see my video comparing IWeb and Vanguard the choice of cheapest platform depends on the amount you invest but also how often you trade pensioncraft.com/vanguard-vs-iweb-which-is-the-cheapest-isa-platform/ Thanks, Ramin.

[@simonunion4657]

If you retire early have a lump sum in ISA to go with SIPP remember if you leave SIPP until state pension kicks in that will take up your annual allowance start taking SIPP early mixing 25% plus topping up with annual allowance avoid tax then at state pension age use ISA not tax to pay to top up this reduces overall tax you pay

[@misfit2022]

This relies on companies being willing to pay into a SIPP as they are under no obligation and in my experience they would rather everyone is in the same scheme. For this reason I do not have a SIPP but a few jobs ago I had serious conversation about it and pushed them to say if I open one will you pay into it but they declined because rather than pay 1 provider they now pay 2 and of others’ decide and here in lies the rub. Therefore I use an ISA.

[@pillion360]

Hello, Could you reinvest your capital gains outside an ISA (e.g Vanguard index fund accumulation) without paying any taxes? Even if the gains are more than the allowance but you don't crystallize them? Keep up the good work! Subscribed!

[@Frazpas]

Don’t forget salary sacrifice boost which saves national insurance tax too, boosting tax advantage in SIPP by up to another 12%, so 32% for basic tax and up to 52% higher rate payers. Hard to beat.

[@Pensioncraft]

Hi Frazpas, that's a great point, thank you. Ramin.

[@DavidSmith-do6ji]

Thank you

[@Pensioncraft]

You're welcome @David Smith

[@ngleewsh]

Regardless of age, one would need to put money into their SIPP in order to invest (eg shares). This money will most likely have already been taxed if it is from a fulltime job income. Then on retirement if i want to draw money from the SIPP, I will have to pay tax again, does it mean that I will be taxed twice?

[@GixxerZilla]

Useful

[@Pensioncraft]

Thanks

[@mrbudgeable]

Hi I’m new to investing and just wanted to know should I put my tax paid savings into a SIPP so that I avoid the tax on any gains over time. My intention is to invest in commercial property as I’m in the construction industry. Thanks.

[@harrygrout1]

Hi Ramon, great videos and advice, I’m a recently converted avid viewer with that patron button looking ever more tempting! I do have a relatively simple question regarding pension pots, specifically if it generally better to hold some cash within a pension (standard workplace pension scheme for example) to pay fees rather than have a proportion of the holdings sold automatically by the provider each period to pay their fees? Any thoughts on this would be really appreciated.

[@Pensioncraft]

Hi Steve, I'm glad the Patreon button is looking tempting. Let me make it easy: patreon.com/pensioncraft ! If you're selling your investments and they then rise in value you would have lost out on the capital gain and income (dividend interest). So if you want to maximise your gain over the long term you would be slightly better off paying with cash in the account. But it wouldn't make a huge difference. Thanks, Ramin.

[@brahmap3639]

I am a Malaysian citizen working in UK on a Tier 2 visa. Does that make me eligible to open a Lifetime ISA or invest in Vanguard UK?

[@_mklein]

Great video! Let’s say someone receives a lump of 100k cash tax free. Would it be wise to top up 20k/year into an ISA shares account and also increase their SIPP contributions from their salary to up to 10% ? - considering that employer will match this figure.

[@Killer_whale2000]

Would you make a video for us that would teach us how not to put all of our money in stock and share ISA for life with one company , instead how it will reduce our risk if we use different provider in different tax year so that our money stays protected .. as FSCS only cover up to £85000... and what are the rules by maintaining different stock and share ISA with different provider in different tax year

[@jennyli7749]

Vanguard are now offering a new product, it’s a managed isa that’s only available to new customers does this change the preference order of how to invest money? Isa preferred over pension?

[@dinogreece]

Im surprised you still have this video up, as so much has changed regarding tax rates and allowances.

[@mangalsingh4036]

Hi Ramin, Firstly great videos. I am currently in a pension scheme at work (NEST). I want to set up a SIPP, hopefully with Vanguard in due course. Perhaps you could clarify the following. If i pay say £100 net of my salary into the sipp, how do i claim the 20% and 40% tax relief, is that done by the pension provider or me on a self assessment tax return. My employer will not pay from gross salary into a SIPP, as he is already doing that for the NEST pension. Thanks Mangal

[@Pensioncraft]

Hi Mangal Singh, thanks! The government website www.gov.uk/tax-on-your-private-pension/pension-tax-relief explains the way in which you can claim back your tax relief on your SIPP in your self-assessment tax return. Which Money explains it more clearly: "‘Relief at source’ applies to all personal pensions and some workplace pensions. So, if you have a private pension with an insurance company, or a self-invested personal pension (Sipp), this will apply to you. If you’re paying into a pension through your employer, your employer will take 80% of your pension contribution from your salary (technically known as ‘net of basic rate tax relief’). Your pension scheme then sends a request to HMRC, which pays an additional 20% tax relief into your pension. Under this system, higher and additional-rate taxpayers must complete a self-assessment tax return to receive the extra relief due to them." The full article is here: www.which.co.uk/money/pensions-and-retirement/personal-pensions/contributing-to-a-private-pension-explained/tax-relief-on-pension-contributions-explained-a27f53z7qg3f Thanks, Ramin

[@malkalyzai9847]

Can an individual set up and manage their commercial property in SIPP?

[@rodeo9]

Hi Ramin, Have you thought about making a video on Freetrade - it's essentially the UK equivalent of Robinhood in the US. At the moment, the ETF/Stock list is limited, but at a charge of £3 a month, its got potential to be one of the cheapest ISAs for long term investing possible, with the option of buying individual shares. Be interested to see what you think of it. Cheers

[@Pensioncraft]

Hi 405 Brigade, Homie it looks interesting. They say they make money from charging £1 for instant trades and in future they will charge £3 per month for their Stocks & Shares ISA. I'm amazed they manage to stay in business! That would be a concern with such a small company. Do you use them and if so how do you find their service? Thanks, Ramin.

[@rodeo9]

@@Pensioncraft They are up and coming (potentially) so I am not moving my ISA just yet, but they have a very slick mobile platform. The stock universe is very limited, so I would say one to keep an eye on until that's expanded. I think they have a lot of potential to disrupt because as far as I can tell, there is no uk/eu equivalent of Robinhood, which has become massively popular - might consider crowdfunding them on a punt. They provide many Vanguard ETFs as well, so its not just for wannabe daytraders

[@planetblix]

Trading212 and Freetrade have gained larger user bases over the lockdown so it’s a good time to do some analysis on these low cost platforms.

[@farykohn5430]

Hi Ramin, thanks for the informative video. Can I have a SIPP account and simultaneously contribute to Defined Contribution pension scheme run by my employer? Please advise. Thanks

[@Pensioncraft]

Hi Farhath I don't provide financial advice, just financial education. That way you are in a better position to make up your own mind about how to invest. The Pensions Advisory Service says "Since 2006, there has been no restriction on the number of different pension schemes that you can belong to, although there are limits on the total amounts that can be contributed across all schemes each year if you are to receive tax relief on contributions." You'll find the full description here www.pensionsadvisoryservice.org.uk/about-pensions/pensions-basics/contract-based-schemes/self-invested-personal-pensions-sipp Thanks, Ramin.

[@ReducedEvasiveDetach]

Any recommendations on a good SIPP that uses REITs?

[@djmorris103]

Hi Ramin, I wondered if you will you be doing a video on your Isa asset allocation for 2019. I'm interested in in your decisions considering Brexit and the Trump, China trade war.

[@Pensioncraft]

Hi David, I'm waiting to see what happens with Brexit before I reallocate my portfolio. It seems to be taking rather a long time for the uncertainty to end! But I discuss my views on Brexit, Trump and the Trade War all the time on the weekly Patreon call. You can sign up for the extortionate fee of... $5 patreon.com/pensioncraft Thanks, Ramin.

[@djmorris103]

Thanks for replying to my message. I agree, there is so much uncertainty at the moment. I will take a look at the Patreon page.

[@abdulkader360]

Hi is there any IHT on pensions? Compared to ISA?

[@fashionmixtapes]

you don't get charged just 25% for taking money out of the Lifetime ISA, you get the 25% government top up removed + 5% fee/fine.

[@macg33zr]

Thinking about whether one can take the tax free lump sum from a SIPP over several years from age 55 cycling the cash into an ISA in £20k lumps. Then when one needs money for retirement take personal allowance of around £11k from the SIPP remains and rest of required funds from the ISA. Then funds remain invested in wrappers and tax is minimised. Need to investigate more!

[@Pensioncraft]

Hi macg33zr, as you take out the money from your SIPP as lump sums only the first 25% will be tax free. Beyond that the money will affect your income tax situation. This is understandable because the money wasn't taxed as you put it into the SIPP. You don't have to pay tax when you take money out of an ISA because it is just like a (tax-free) savings account. However, you will lose the tax invisibility of your capital as soon as it hits your bank account so it's best to keep the money in the ISA for as long as possible as it accrues tax-free returns. Thanks, Ramin.

[@stuartb3690]

Can I pay my SIPP fees direct from the SIPP account with the spare uninvested cash ? The cash that hits my SIPP account has not been subject to income tax or NI because it’s Salary sacrificed. If I pay my fees from a different account (say a trading account) then it will be NET cash that’s already been squeezed by the tax man. Does this make sense ?

[@ArmandsSprogis]

oh wow, this was great video. I just turned 40 and realised I'm in trouble. I need to start saving. I guess if I'm self-employed, I can't do SIPP? Can I? So in ISA i can only put 4k per year? I was hoping to get in there like 10K or so per year. I have also 3 young kids. Could I have for each of them Junior ISA? Is that part of my 20K? I want to invest like £100 per month for each. So by the time they are like 18-20 they have money to put down for house or something like that. Thank you for this great video. I will join you in Patreon, but after the 1st.

[@coolmonkey619]

No your wrong. You can open a sipp if your self employed

[@BG26278gg]

Do you have to invest in a sipp direct from gross pay via your company you work for? Or Can you get paid from work, then invest into your own sipp and claim back the tax?

[@danielgomezmeneses6989]

Hi, does it mean i have to talk t my employer in order to settle a SIPP?

[@learnsomethingneweveryday1539]

From what you say, its a good choice to choose SIPP over an ISA if your in the higher tax bracket. How do the numbers work for if your in the lower bracket and plan to stay there within Employment sector as other income is either self employed/businesses which has different tax implications

[@Pensioncraft]

Hi Ahmet ISAs are also good for higher earners, and many people use both. The tax benefits remain in place as your wealth increases so although you may be paying lower tax currently you may earn much more in future. You get the greatest benefit from a SIPP if you pay higher tax while you're accumulating than when you retire so for low earners the benefit is smaller than it is for higher earners. For an ISA the money that goes in is after you've paid income tax and you don't have to pay income tax as you take it out. Thanks, Ramin.

[@solidn6]

I don't get it, you said you pay no Tax using SIPP at the beginning of the video but then have to pay Tax when you retire when taking out your money?

[@ianrjm969]

Hi, if I am working and living abroad, therefore do not pay tax in the UK, a SIPP or ISA aren't suitable, right? I want somewhere safe to put my money to make it gain interest in the long term.

[@busayo453]

Hi Ramin, thank you for posting this video! I’m a basic rate tax payer and will most likely be throughout my life time. Given that, Is it most optimal (in terms of tax relief and returns) to pay monthly into a S&S LISA or a SIPP up until retirement? (I’ve been wracking my brains trying to crunch the numbers taking into account the tax implications of each but I haven’t been able to confidently figure it out)

[@FXCartel]

Tax on the way in for your isa tax on the way out for your pension...

[@BenBen-yx6ug]

Other than my dad's dad there asn't been a male in my family live to pension age , so if i saved in a pension would my family able get the money ? Im only 31 & already had a heart attack

[@rinakaur7245]

So if you are a higher rate tax payer, how do you get the higher rate tax relief? When opening a SIPP i only got a top up of 25% of what i had invested. Thanks

[@meaw1999]

Hi Ramin, Thanks for the video. Quick question here on withdrawing ISA, please. Every tax year you can put money into one of each kind of ISA. The tax year runs from 6 April to 5 April. Does it mean I can put £20000 on April 4 and withdraw on April 6? How many days in a year that I need to put the money in ISA account? Thanks

[@Pensioncraft]

Hi Meow AromDee you can put the money into the account up to the £20,000 limit at any time during the tax year. Don't take money out of your ISA if you can possibly avoid it because then you will lose the tax protection on that money and putting it back in will use up that year's ISA allowance. Thanks, Ramin.

[@meaw1999]

@@Pensioncraft Thanks Ramin. Can I take the money out at the end of tax year (Apr 5) and use the same money to put back in again in the new tax year (Apr 6)? How about during the tax year, if I invest in share (fund) account and I would like to take profit during the year, can I swap from fund account into cash ISA? Thanks so much :)

[@OMGriff]

Really solid presentations imho. Converting information which is useful in a way which is understandable. Thankyou. I am personally interested in moving some S&S Isa funds into Gold; most likely via a fund or a company stock. In not overly concerned about owning physical gold unless the rewards are greater. Have you made any video regrading this or do you have any pointers please?

[@Pensioncraft]

Hi capital sounds why not give me a call ramin.as.me I don't offer financial advice but I can tell you about alternatives. Thanks, Ramin.

[@Tomherbs]

Hi Ramin, do you know when vanguard are opening their SIPP service to the public?

[@FlorinVZaharia]

apparently towards the end of 2019

[@Pensioncraft]

Hi Tomherbs, this article www.vanguardinvestor.co.uk/articles/latest-thoughts/retirement/an-update-on-the-vanguard-personal-pension says it will be after the tax year end, and also has a link so that you can be informed as soon as they announce anything, Thanks, Ramin.

[@ankitjain001]

Hello, I an Indian working in the UK on skilled worker visa. I am very interested in SIPP after your video. It looks very exciting. However, I wanted to understand if I can transfer the SIPP to India after I move back or what happens to my SIPP after movement. Thanks in advance!

[@derfelcadarn6226]

Hi Ramin, I’m currently transferring my cash isa into my vanguard account and I was going to add it to my LifeStrategy fund however I was wondering if it would be better to spread it a bit into some of the other vanguard funds. As a rule of thumb which do you think would better?

[@Pensioncraft]

Hi Derfel, if you're starting out it's always best to keep it simple, keep your fees low, diversify globally across asset types and regions. Once you know a bit more it might be worth branching out into a more complex portfolio (like mine) but for most people it's not worth the extra effort and time and hassle. Thanks, Ramin.

[@derfelcadarn6226]

PensionCraft thanks Ramin, to be honest I’d much prefer to keep it as simple and hassle free as possible, if only for the sake of my OCD. Thank you for replying and for all the great videos, I found them very helpful when I was setting up my transfer.

[@Pensioncraft]

It's my pleasure Derfel, I'm delighted you find the videos useful! Ramin.

[@-cc9ye]

8:58 phew, so I can justify hanging around till beyond I'm 75!

[@MrGorobu]

I prefer IPA myself. In all seriousness thank you for the great videos!

[@Pensioncraft]

A good choice Michael! I used to like Flowers IPA while I was at uni at Imperial, then I discovered Adnams. Hmmm. Thanks, Ramin.

[@macg33zr]

PensionCraft Oh I drank Flowers IPA in the bar when I was at Imperial too and Lord Flowers was also the rector. Happy times!

[@alexmuller702]

Great video, thanks! Stocks & Shares ISA question: is my yearly 20,000£ allowance defined by the amount of money I pay in or defined by the value of the stocks & shares I hold? For instance, if I pay in 19,000£ and then a month later the market value rises to 21,000£ because the stocks do well - am I still within the allowance or have I exceeded it? Many thanks.

[@rinakaur7245]

Its the amount you put in that counts. Not the growth from what you invested.

[@rinakaur7245]

If you put in 19k, then that's what counts....even if your investment grows to 25k.....you can still put in another 1k to get to 20k limit for that tax year.

[@MMukerjee]

Hi Ramin, Thank you for these videos, I’m a novice in this area and have only recently started thinking of investing. These are really good and I’m specially interested in ethical investments/SRIs. I’m looking at Vanguard’s SRI funds but was wondering if you have any suggestions at all as to other funds that I could look at? Many thanks, Mihi

[@Pensioncraft]

Hi Mihi I've done a video about ethical investing here pensioncraft.com/best-socially-responsible-investing-etf/ and this is a list of funds that you may find interesting: www.justetf.com/uk/news/etf/an-introduction-to-social-responsibility-investing-with-etfs.html Thanks, Ramin.

[@bmwofboganville456]

I'm not certain but it may be optimal for your SIPP at retirement to be around £100k (if retiring in 2019). A yearly withdrawal of around 5% + the state pension would equal the personal allowance. Then on top of that one would have their ISA - ideally a larger pot than the SIPP.

[@bmwofboganville456]

The other possibility for someone retiring early is to map a withdrawal glidepath for their SIPP which takes them from the age of 55 to the state pension age.

[@Pensioncraft]

Hi Forestman that's interesting. In what way is that optimal i.e. what's the utility you're using? Is it simply minimising the tax liability or maximising overall wealth at the expected survival age?

[@philgosling]

I thought with a SIPP you could tell the trustees to let your Grand daughter use her personal tax allowance each year and so the fund would be drawn down tax free - is this not true now?

[@llamudos9809]

If i have opened an Aegon investment ISA can i also use a trading 212 app stock ISA? I opened both up in the same year. Have i made a mistake do i need to get intouch with the tax man. I have not invested 20,000 in total in either. Not sure if they are the same thing? Need help.

[@Pensioncraft]

Hi llamu dos you can't put new money into two Stocks & Shares ISAs at the same time in one tax year. HMRC has an ISA helpline who should be able to tell you the best course of action. www.gov.uk/government/organisations/hm-revenue-customs/contact/register-to-receive-bank-and-building-society-interest-without-tax-taken-off Thanks, Ramin.

[@adlribas]

Just one question if you have a LISA or a SIPP (long term investments) does it make any sense to invest in ETF's? (ETF's are for people that want sell and buy quick, right?)

[@Pensioncraft]

Hi Daniel, I don't "buy and sell quick" but I invest in ETFs. The most important things are the fee and what's in the fund - whether it's an Open Ended Investment Company (OEIC or mutual fund) wrapper doesn't make a huge amount of difference. I've got an article & video on ETF Flaws pensioncraft.com/etf-flaws/ Thanks, Ramin.

[@mikev324]

How safe is the login procedure if you open an HL account? Is it just a password or also 2 step verification with an sms code being sent or a digipass? Second, which are the best alternatives to HL if you mainly want to invest in funds. I'm from Belgium by the way so do they also accept foreign clients? Thanks in advance.

[@Pensioncraft]

Hi Mike, I suggest you have a look at HL's security page www.hl.co.uk/security-centre/the-security-of-your-hargreaves-lansdown-account but it doesn't look like they offer 2 step verification with an SMS code or digipass. I've got a course comparing platforms here pensioncraft.com/register/investment-for-absolute-beginners/finding-the-right-investment-platform/ which might be helpful for choosing an investment platform, but it's not written with Belgium in mind. I don't know which of the UK-based platforms offer services in Belgium. Perhaps this site would be helpful: brokerchooser.com/best-brokers/best-trading-platform-for-europeans Thanks, Ramin.

[@akankshas2602]

Which is better SIPP or LGPS

[@alexriddick6148]

Thank you for another great video. Good simple easy to understand advice is priceless. Just one question can you pay into 2 stocks and share isa in one year? Thanks

[@Pensioncraft]

Hi Alex, thanks. You can only pay into one Stocks and Shares ISA per year. I describe all the permutations in this article and KZbin video on my website pensioncraft.com/how-many-isas-can-i-have/ Thanks, Ramin.

[@chrisredfearn6625]

@@Pensioncraft Can I ask if you are actually regulated by the FCA to give financial advice ?

[@Pensioncraft]

Hi @@chrisredfearn6625 no I'm not which is why I don't give financial advice. That's why I have a disclaimer at the beginning of every video saying "This is not financial advice, to get advice tailored to your specific circumstances seek independent financial advice". I also make it very clear in all my interactions with clients that I don't offer financial advice. Instead, I provide financial education so that people can make up their own mind about how to invest. Thanks, Ramin.

[@mattjames88]

Is there a chance that the government could increase the SIPP withdrawal age to greater than 55? And is the money taken from your wage? Thanks

[@Pensioncraft]

hi Matt James88 yes the government can increase the SIPP withdrawal age. You can put money into your SIPP or you can get your employer to do this for you as described in this article from AJ Bell www.youinvest.co.uk/pensions-and-retirement/pensions-explained/employer-pension-contributions Thanks, Ramin.

[@peterpetram]

Hello. I'm in Tanzania. I would like to invest in Vanguard Platform. How will that be possible?

[@Pensioncraft]

Hi Peter, I don't think Vanguard offers a platform for Tanzanian customers global.vanguard.com/portal/site/home Thanks, Ramin.

[@keithchegwin1222]

Great video, if someone's dies what percentage of the SIPP does the person's partner get? Is it all of it? It's just that I've been told they are only entitled to a percentage of it. Thanks

[@rinakaur7245]

You can nominate how you want to split. Your SIPP provider usually has an expression of wish form that you can fill out to say how you'd like your pot to be split between partner, kids, etc.

[@keithchegwin1222]

@@rinakaur7245 Oh that's good, so it's not like a normal pension where the government half and only leave you with the other half. Great 👍

[@bobwelham8792]

Suppose that Adam has a SIPP of value £200,000 and that he dies at age 80. The sole beneficiary of Adam’s SIPP is Bob, age (say) 50, who already has his own SIPP of value £100,000. Question: Does Adam’s SIPP ‘wrapper’ survive his death, or not? That is, does Bob’s SIPP merge with Adam’s SIPP to give Bob a single SIPP of £300,000? Or do the two SIPPs, though both now owned by Bob, continue to exist in separate wrappers, each maintaining a distinct identity? Can Bob choose between these two possibilities? Thank you.

[@Pensioncraft]

Hi Bob, AJ Bell have a great explanation of what happens to your SIPP after you die here www.youinvest.co.uk/pensions-and-retirement/accessing-your-pension/sipps-and-death It depends whether you live past 75 (if you do live past 75 your beneficiaries are taxed). Your beneficiaries have a choice whether to take the investments as a lump sum or keep them within the SIPP to provide an income. Thanks, Ramin.

[@alokjoshi3016]

SIPPs definitely good tool for pension investments, I was not aware about the tax benefits which you have clearly outlined. Quick question - looks like anyone who is 18 can invest in SIPP, does one still tax benefits if you are student with no income ?

[@UncleAaroh]

where is your video for 2019 on "How I Invested 20k Using ETFs and Vanguard Direct ISA" ?

[@Pensioncraft]

Hi Qambar, I haven't made one yet! I'm waiting to see what happens with Brexit. Thanks, Ramin.

[@healthiswealth7899]

@@Pensioncraft im waiting for brexit before i start investing in my vanguard account

[@Pensioncraft]

Hi @@healthiswealth7899 and Qambar Raza I should have put the link to the video here but it's better late than never kzbin.info/www/bejne/rJKwmn98drN5l7c My portfolio is very cautious so it's done okay since I reallocated and as Brexit dragged on. Thanks, Ramin.

[@JIIKaurII]

hi ramin, isit possible to invest in both lifetime ISA and a SIPP. and treat SIPP as a pension pot . for e.g. if have 20 k to invest and invest in mixture of lifestrategy funds and target retirement funds

[@Pensioncraft]

Hi JIIKaurII you can have an ISA and a SIPP open at the same time. SIPPs are designed to be pensions savings products i.e. you can't touch the money until you reach the age of 55. The 20k limit is only applicable to ISAs (in 2019/20) www.gov.uk/individual-savings-accounts and the SIPP limits are quite different www.gov.uk/tax-on-your-private-pension But you can put LifeStrategy and Target Retirement funds into both a Stocks & Shares ISA and a SIPP. Call me if that's not clear: ramin.as.me Thanks, Ramin.

[@murmansk69]

I'm 57 and have now made two payments of £2,880 into a SIPP - just wanting to get the tax relief, haven't invested it. Is it worth continuing doing this? Thanks

[@Pensioncraft]

Hi murmansk69 if you have cash in your account it's going to be losing value due to inflation so that should be a cause for concern. On the other hand, you may not feel comfortable investing it at the moment. Maybe my video on drip-feeding vs lump sum investment might be helpful? In terms of tax relief, the SIPP is certainly a useful product, but you're the judge of whether it's worth pursuing given your circumstances. I just try and help people become aware of the general benefits and how they can use them if they want to. Thanks, Ramin.

[@murmansk69]

@@Pensioncraft Thank you very much

[@watchtime9072]

Can we open an investment ISA and SIPP same time ?

[@jerrysmith2085]

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[@abelbognar8101]

Correct me if I'm wrong but I thought you could only contribute to one stocks&shares ISA / year

[@user-qk9bg2cg2y]

i think you can put money into each kind of ISA each year: cash ISA, stock and shares ISA, innovative finance ISA and Lifetime ISA. I think because it's your child's ISA you can put money into there as well. So it means that you cant't have 2 stock and shares ISA in one year but you can have 1 stock and shares ISA and cash ISA. (that's my understanding)

[@Pensioncraft]

That's right Andrei - you can split your 20k allowance into one each of the four types of ISA each year. I give details on my website and in another KZbin video here pensioncraft.com/how-many-isas-can-i-have/ Junior ISAs have a limit of £4,260 per child per year. Thanks, Ramin.

[@crypto4207]

so can i day trade on my isa account?

[@popovlerusse1443]

Yes you can

[@crypto4207]

@@popovlerusse1443 who offers that in the UK?

[@myroseaccount]

Can I put my money purchase pension funds into a SIPP whilst I continue to pay into my current active Company Money purchase pension?

[@kynchan3332]

Don't go with AJ Bell Youinvest. They have no customer service and if things go wrong there is no recourse. It makes you not want to invest in a pension.

[@VoiceOfThe]

Now 57, from 2028. They keep moving the goal posts, this is what puts me off pensions!

[@eezy251able]

I'll just let my work pay into my SIPP and invest myself into my ISA.

[@Pensioncraft]

Hi Tyson it's great that you're saving for the future. Thanks, Ramin.

[@walterdonald5432]

lnvesting in crypto now shouId be in every wise individuaIs Iist, in some months time you'II be ecstatic with the decision you made today.

[@Pensioncraft]

Thank you for sharing your views