更新及補充: 1. 片中的Google Sheet. 只作參考,不保證完全正確。只有Viewer權限。請自行 Make a Copy (File => Make a Copy) SIPP Annual Allowance 計算機 docs.google.com/spreadsheets/d/1PyaaPHweyw_4-KTdqNAjIWkXif9zRqOJn_YcYM4-Aj0/edit?usp=sharing
Thx Small fish ba, your explanation is amazing. What is your opinion of this SIPP account? As I know only the first 25% is free tax when u withdraw, and the money is locked up until 50+. Is it still worthy to do it?
I am not a tax or financial adviser. The following is purely my personal understanding, not professional advice 👇 Hi Emily. It really depends on the individual's financial circumstance. If there are many years until retirement age, the investment in SIPP is likely to growth bigger than that in ISA because of the tax relief. Even though the 75% of it will still be taxed, high earner can exempt from 40% or even 45% of income tax when they put money into SIPP but when they take the money out in the future, they'll probably have less income at that time and most people will spread their withdrawal over many years so they will only pay the basis rate (20%) tax even if they need to. So that's another 20/25% tax saving. However, you are so right. The money is locked up for a long time. If you have sudden need of money or a medical condition that is not serious enough to get exemption from earlier withdrawal penalty, you can't use that money.
I am unemployed and a full-time housewife. If I open the SIPP account, can I pay every month £240? How do I open an account? What company wesbite can set up the SIPP account? Thanks, Ying ❤🙏.
I am not a tax or financial adviser. The following is purely my personal understanding, not professional advice 👇 Hi Ying. Yes, you may contribute up to £2,880 (before tax) per tax year, so after hmrc top-up, it would become £3,600. Whether you contribute 240 monthly or 2880 a lumpsum does not matter. For a SIPP provider comparison, you may watch my video below. I talked about the pros and cons of 9 popular SIPP providers. 2024年SIPP供應商大比拼:誰是你的退休規劃贏家? ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-SPnNaqRXnBM.html