▲ 3 r/FatFIREUK
When to stop contributing to a sipp? Higher tax rate likely on withdrawal.
Are there any popular or common guidelines for when it is advisable to stop contributing to a sipp?
A colleague was discussing their situation with ChatGPT, and given how much they have, the SIPP contributions are only slightly better than GIA due to the 40/45% income tax they are likely to pay when they start withdrawing.
I also have another colleague who doesn't believe in pensions due to the inflexibility and risk of government rule changes.
u/Turbulent_Weekend_50 — 4 days ago