In Brief: Strategic reinvestment of State Pension increases
Thursday, 25 July 2024
When transferring into a personal pension may make sense
Following the 8.5% rise in the annual State Pension from 6 April, the redirection of this enhanced income into private pension savings could make sense under certain conditions. The idea of investing one’s State Pension into a personal or Self-Invested Personal Pension (SIPP) might seem at odds with conventional wisdom.
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