MEGATHREAD: Freetrade SIPP

[Coolsmp (Investor R7)]

Well that depends on your personal circumstances and goals.

Do you think you will need to cash out before you hit 55 or 57 in 2028. ISA offers a bit more flexibility but why not have both with Freetrade.

Im not sure of the rules of contributions living abroad though

SIPP and moving abroad

I’m thinking of opening a FT SIPP account because of the tax relief and self-invested nature of the account. I’m just not sure if it’s beneficial long-term if I move abroad. I don’t mind paying tax, but I do mind if it results in being more than the tax relief Would Freetrade need to close the account if I ever decide to permanently move to an EU country? (this event seems to trigger a 55% tax bill as I’m forced to take the money out before the minimum pension age). This would …