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Navigating Self-Invested Personal Pensions
This chapter provides an in-depth look at self-invested personal pensions (SIPPs) and their flexibility in investment choices, along with the legal and tax implications of pension assets. It discusses strategies for estate planning, including how to pass on pension wealth to heirs with minimized tax burdens, and the evolving regulations affecting pension contributions in the UK. Additionally, the chapter examines investment options within pension schemes and the importance of financial planning for long-term growth.