1989 SIPP
1989 Self Invested Personal Pension (SIPP) offers you flexibility with your pension saving.
Helping Isle of Man residents to save for retirement or bring your existing pensions together in a single, flexible scheme.
1989 SIPP benefits include:
01
Flexible
Benefits can be drawn from the age of 50*-75
02
Lump sum
Access to tax-free cash of up to 30% of your fund value from the age of 50*
03
Investment choice
There is a wide choice of investment solutions compared to a traditional insured pension scheme, including funds, bonds, stocks and cash
04
Future planning
Any remaining balance of an MFPT SIPP can be used to provide a legacy for your beneficiaries
05
Tax efficient
Annual allowance of £50,000 for pension contributions and no Isle of Man tax paid on any investment gains
*this will increase to 55 if UK benefits are transferred in
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