Trustnet Magazine 58 January 2020 | Page 52

In the back 52 / 53 [ PLATFORMS & PENSIONS ] John Blowers runs through the key points to consider if you want to set up your own SIPP SIPP by SIPP I f your 2020 New Year’s resolutions include setting up a self-invested personal pension (SIPP), what’s the best way to go about it? Launched in 1989, the SIPP market has matured over the last decade as the weapon of choice for the DIY retirement investor. If you’re going to run your own retirement portfolio, you’ll need a SIPP to do it. Moreover, if you’ve collected a bunch of dormant company pensions over your career, with a few thousand pounds rattling around inside them, you can transfer these into your SIPP and take control of both what you choose to invest in and the charges you pay. The purpose of this month’s article is to look at various options for different TRUSTNET trustnet.com