Saving for retirement: Isas versus Sipps

For many investors, the choice between using an individual savings account (Isa) or a self-invested personal pension (Sipp) to save for retirement has always been a tough one.

Sipps offer more generous tax breaks overall, but Isas are more flexible. This year’s Budget has made the decision even more finely balanced.

Chancellor George Osborne is making it easier to access your pension funds in retirement, but has also made small improvements to the Isa rules. So which is the best option?

Sipps beat Isas on tax

The tax relief on investments in an Isa and a pension are almost identical [...]

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