In the UK, a Self-Invested Personal Pension (SIPP) is available to a wide range of individuals who want to save for their retirement. However, there are some eligibility and age restrictions to keep in mind. Here are the key points regarding who can open a SIPP:
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Age Requirement: You can open a SIPP if you are 18 years old or older, up to a maximum age of 75.
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Residency: You do not need to be a UK resident to open a SIPP, but you should be a UK taxpayer to benefit from tax relief on your contributions. Non-residents can open SIPPs, but they may not receive the same tax benefits.
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Employment Status: You do not need to be employed to open a SIPP. It is available to employed individuals, self-employed individuals, and those who are not working.