@amandainvests: Even small regular amounts make a huge difference when it comes to investing. Lets see how much a £20pm contribution is worth at retirement… #sipp #pension #taxrelief #investingforbeginners #CapCut

Amanda | Money & Investing
Amanda | Money & Investing
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Region: GB
Saturday 20 July 2024 06:46:39 GMT
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leeleelee245
leeleelee :
it makes you wonder why the state pension is so awful. you pay way more in than that.
2024-07-20 08:09:20
91
mangothemaniac
Manic Mango :
This 7% isn’t accounting for much higher fees that are paid for a SIPP is it
2024-07-20 18:42:10
6
biggledybiggledy
user1272477138262 :
129k? that'll buy you a freddo in 2079
2024-07-20 19:24:11
9
93percentstardust_
Elena Greco :
My parents inherited £10 million, spent it all and invested nothing for me or my sister 🙃
2024-07-20 17:49:21
14
mibagsnstuff
Leighanne Metcalfe :
If you can afford to do the whole £2880 for 18 years, then it could be worth nearly £1,000,000 at retirement age :)
2024-08-29 08:53:05
8
badchoiceusername
W G :
one big assumption is trust in the government and financial system. When it hits the fan they will come for what you have.
2024-07-20 14:00:39
9
laurabee_83
LauraBee83 :
Can you recommend a good company to use?
2024-09-06 08:04:32
5
escos91
Lew Hold :
I’ve done £100 a month for my son in Global all cap fund since May 23, it’s gone up just under 20%!!
2024-07-20 18:15:52
12
lsfranklin
Leigh-Anne Franklin :
Where can a SIPP be opened?
2024-07-20 20:13:19
7
snowhite0644
snowhite :
what would be the best way to open an account for a newborn (I'd do monthly payments) and then let them have the access to it & the money to use when they turn 18?
2024-07-20 15:38:27
9
kista533
Kista53 :
one issue is they will no longer be able to access it at 55. and by then they will probably decide to tax it.
2024-07-20 16:02:48
6
kristibzzz
Kristibzz :
a lot can change in 50+ years..
2024-07-20 23:06:00
13
littlelady418
LittleLady418 🇬🇧 :
I'm due my first little one each day so this is really helpful!! can you suggest some kind of account for saving that's gains a good amount of interest until she's 18??
2024-07-20 17:35:59
8
pianeet69
pianeet :
It will be 57 years at a minimum by the time they are eligible
2024-07-21 07:25:55
8
my_mothers_daughter_
my_mothers_daughter_ :
How does a SIPP differ from an ISA please? X
2024-07-20 15:53:16
7
bettynic79
BettyNic :
Investments don’t get “interest” though? 7% is an ambitious growth rate for a passive investment too.
2024-08-29 18:12:57
5
iampreciousc
Precious C :
does all bank do junior sipp or where do we do it
2024-08-28 19:51:14
5
ktreneeee
KT Renee :
Is there some accounts you can recommend for this with specific banks
2024-08-29 06:02:19
5
bishbashbosh251
Bishbashbosh :
But are you getting 7% consistently?
2024-07-20 23:24:55
5
jofiel_life_style
Natural Explorers :
At 55 all money will gone - partly by inflation mostly by fees and top management bonuses 😎
2024-07-20 17:29:49
6
victoriaallan3
Victoria Allan :
I do this for my daughter. Need to set one up for my 1 year old. Should I go direct to a provider ?
2024-07-20 19:06:32
7
littlelondonelite
littlelondonelite :
Does this fall under “state pension”? I.e is there a risk labour will take it away anyway?
2024-07-20 20:58:31
6
laurenslife160
Lauren's Life :
Hi how do I open a SIPP?
2024-07-20 21:56:36
8
carriertp
Carrie 🦹🏻‍♀️ :
My child is 15, could I start this now? He’s already got a trust fund. Is this separate? X
2024-07-20 10:45:04
8
fallscrape
Tim :
took me about 3 years to pull my finger out with my eldest and the providers just aren't used to opening these type of accounts. I use vanguard life strategy for them, all passive.
2024-07-20 13:58:51
5
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