CMC Invest’s SIPP is Great for Active Investors

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CMC Invest SIPP
CMC Invest’s SIPP is Great for Active Investors
CMC Invest

Account: CMC Invest SIPP

Description: CMC Invest's SIPP is great for active investors and you can buy mid and small-cap UK shares, AIM shares and 1,000+ mutual funds as well as 3,000+ US shares, large-cap UK shares, 400+ ETFs, investment trusts and REITs with zero commission.

What is a CMC Invest SIPP?

The SIPP is available to CMC Invest Premium account holders. SIPP holders will be able to trade at zero commission (other charges may apply), within their Premium plan, which is £25 a month.

A self-invested personal pension or SIPP is a class of personal pension plan in the United Kingdom. A SIPP allows you to make your own investment decisions about your retirement savings.

With a SIPP, you have a wide range of investment options, including stocks, bonds, mutual funds, exchange-traded funds (ETFs) and more. This flexibility allows you to tailor your investments according to your risk tolerance and investment goals.

As with other personal pension schemes, contributions to a SIPP are eligible for tax relief, reducing your overall tax liability and boosting your investments. The money within the SIPP grows tax-free, and you can access your pension savings from the age of 55 under current legislation.

SIPPs are portable, meaning you can transfer them from one provider to another if you are unhappy with the service or want to consolidate multiple pensions.

With a SIPP, you have greater control over your retirement savings and investment decisions, as opposed to traditional personal pension plans where investment decisions are made by the provider. Though, of course, that puts the onus of performance firmly on you.

Overall, SIPPs are designed for self-determined individuals who want to take an active role in managing their retirement savings and who have a good understanding of investment principles.

Pros

  • Zero commission
  • Good market access

Cons

  • £25 per month account cost
  • No website access (app only)
  • Pricing
    (4.5)
  • Market Access
    (4.5)
  • App & Platform
    (4.5)
  • Customer Service
    (4.5)
  • Research & Analysis
    (4)
Overall
4.4
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