Well over one million people in the UK now have a SIPP*
People typically spend almost 6hrs planning a holiday but less than 4hrs planning their retirement**
The average pension pot of a woman in her 60s is around a third of the value of a man’s***
There is one big difference when you choose EQi for your SIPP: not only can you pick your own investments you also decide which company will act as your SIPP provider.
EQi is unique among the leading DIY investment platforms in the UK as investors can choose a SIPP from a panel of over 70 leading providers, and then manage it on our platform.
Or you can choose the EQi SIPP, which is administered by our partner Gaudi, and offers a flat annual fee that is one of the lowest in the market.
A SIPP stands for Self-Invested Personal Pension. They enjoy generous tax benefits, give you access to a wide range of investments when compared to traditional pensions, and any gains made are free from capital gains and income tax.
Why? Because a SIPP puts you in the driving seat. A SIPP is a pension ‘wrapper’ which allows you to hold investments and decide what to buy and sell. The investment decisions you make are your own and, as with other investments, the value of your funds can fall as well as rise.
SIPPs share the significant tax benefits common to other private pensions.
The government automatically pays an extra 20% into your pension (the basic rate of tax). If you pay a higher rate of tax, you may be able to claim back up to 46% via a Self-Assessment tax return.
Typically, investors have little or no choice in how their contributions are invested. A SIPP is different, you are your own fund manager.
A SIPP gives you access to a wider range of investment options, which means you can diversify your portfolio and seek returns which can boost your retirement pot.