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The Independent UK
The Independent UK
Business
Lori Campbell

How to build a £20,000 SIPP from scratch – starting with just £50 a month

HMRC

Finding spare cash for retirement can be difficult when the bills leave little room to save.

But paying just £50 a month into a pension could be enough to build a £20,000 pot in around 16 years, with tax relief and investment growth helping it along.

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