A tax-advantaged way to save
The main reason many people save for their retirement using pensions is because of the tax advantages of investing this way.
Please remember the value of your investments and any income from them can go down as well as up. The value of your fund may be less than you paid in.
Before you choose a SIPP, make sure you understand its aims and risks. If you are unsure as to the suitability of any particular investments, you should seek professional financial advice. Alliance Trust Savings does not give advice. A SIPP requires active management and investment expertise. You should make sure you review your investments regularly. You normally cannot take an income from your pension until age 55.
Laws and tax rules may change in the future without notice. The information here is our understanding in April 2018. This information takes no account of your personal circumstances which may have an impact on tax treatment.