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 [...]

MoneyWeek magazine

Latest issue:

Magazine cover
the final frontier

Staking a claim in space

The UK's best-selling financial magazine. Take a FREE trial today.
Claim 4 FREE Issues
Shale gas 'fracking' promises to transform Britain's energy market. Find out what it is, what it means, and how to invest.

More from MoneyWeek

FREE REPORT:
What you should really do with your money (2014 Edition)


How to buy and sell penny shares

A beginner's guide to investing in gold

How to invest in British fracking