LV= SIPP
It's never too early to start thinking about your future
It may seem like a long way off, but there's no time like the present to start planning for the retirement you deserve
What is a pension?
A pension is a way of saving for your future so you can support yourself financially when you retire
- The LV= SIPP gives you flexibility and choice about where your money is invested and you can even transfer any existing pensions into it.
LV= SIPP
Features of the LV= SIPP
Make regular or single payments up to age 74.
Transfer other pensions up to age 85.
Save in a tax efficient way with a wide range of investment options.
Be flexible with your contributions and the benefits you take.
Switch investments between the options available whenever you like.
Choose how much involvement you have in any investment decisions.
Receive a tax-free cash lump sum at retirement.
Important Information
All the nitty gritty details
- If you reduce your contributions or take your benefits earlier than planned, then it may reduce the overall amount you can take from your pension later on.
- If you choose to take income directly from your pension fund, these withdrawals will reduce the potential for future growth.
- Rising prices will reduce the buying power of your pension fund in the future.
- You may normally only take benefits from your plan from age 55, or you may transfer to another provider at any time.
- Elements of the plan may be held in stock market related investments, so you are not certain to make a profit and may get back less than you invested.
- The tax treatment of the plan will, in part, depend on your personal tax status, which may be subject to change. Please refer to the Key Features for details of how contributions and benefits from your plan will be taxed. Any references to taxation are based on our understanding of current legislation and HM Revenue & Customs practice, which is subject to change.
- If the Government changes the tax treatment of this plan, any tax relief given on personal contributions paid could change.
A little extra info never hurt anyone, so have a read of our key features document
As this pension is closely linked to investments, there are some important pieces of information you need to know. Read the key features document to find out if this plan is right for you.
Financial advice
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