ISA or SIPP for my retirement?

Retiring is probably the most important financial goal in our lives, yet many of us have no idea what lifestyle we're striving for and how much it may cost. Here, I frame the picture a little, and look at the benefits and drawbacks of using an ISA for your retirement savings versus using private pensions such as SIPPs (self-invested personal pensions).

This video is sponsored Witan Investment Trust - a brand with extraordinary heritage having begun its life in 1909. Today, it manages around £1.7 billion for approximately 20,000 investors. Its distinctive multi-manager global equity approach involves selecting the best international fund managers who pick stocks from a wide array of sectors and stock markets around the world.

Don't forget, investing involves risk, which means the value of your investment can go down as well as up, and you may get back less than you put in.

Timestamps:
0:00 What this video is about
0:39 The retirement problem
2:26 Round 1 - Taxes on investing
3:34 Round 2 - Tax relief
4:29 Round 3 - Easy access
5:23 Round 4 - Investments
6:04 Round 5 - Inheritance tax
7:29 Who wins?

DISCLAIMER: I am not a financial adviser and none of the content on this channel should be construed as financial advice. If you are unsure about making an investment, please consult a qualified financial adviser.

[evilzzzability]

A SIPP is just a special type of pension - you should more consider ISA vs Pension to include workplace pensions in the discussion

[kinggeoffrey]

I recently opened a SIPP, absolute game changer for an earlier retirement. I think it works back and forth with your work pension and S&S ISA perfectly.

[charlotteledger]

This is such a helpful video thank you!

[kaxar]

What would be my state pension for only 15 years of NI contributions?

[alexeibogatii]

Hi, which platform my be the best to start investing in ISA or SIPP?