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A Self-Invested Personal Pension (SIPP) is a terrific way to build a big pot of money for later life. But how much does an investor need to invest to target a passive income of \u00a3750.75 a week?<\/p>\n
That works out at \u00a339,039 a year, which is the average UK full-time salary. Added to the State Pension and any workplace pensions or ISA savings, and it could transform retirement. So how much do you need in a Self-Invested Personal Pension, to use its full name, to generate it? The answer depends on the yield generated by the stocks you buy.<\/p>\n
Should you buy Aviva Plc shares today?\t<\/p>\n
Before you decide, please take a moment to review this report first. Despite ongoing uncertainties from US tariffs to global conflicts, Mark Rogers and his team believe many UK shares still trade at substantial discounts, offering savvy investors plenty of potential opportunities to learn about.<\/p>\n
That\u2019s why this could be an ideal time to secure this valuable research \u2013 Mark\u2019s analysts have scoured the markets to reveal 5 of his favourite long-term \u2018Buys\u2019. Please, don\u2019t make any big decisions before seeing them.<\/p>\n
At a 4% dividend yield, an investors needs a portfolio worth \u00a3976,000. <\/p>\n
At 5%, that falls to \u00a3780,780. <\/p>\n
At 6%, the target drops again to \u00a3650,650.<\/p>\n
Those are big numbers, but remember, \u00a339,039 is a huge second income. Also, those figures assume the investor doesn\u2019t touch their capital at all, just draws the dividends. In practice, most of us will do both.<\/p>\n
Do I get a tax break?<\/p>\n
SIPPs have one huge upfront attraction. Investors get tax relief on contributions. As a result, each \u00a3100 invested only costs a higher-rate taxpayer \u00a360. This gives your money an instant lift, and means all your share price growth and dividend income<\/a> starts rolling up from a higher base.<\/p>\n Please note that tax treatment depends on the individual circumstances of each client and may be subject to change in future. The content in this article is provided for information purposes only. It is not intended to be, neither does it constitute, any form of tax advice. Readers are responsible for carrying out their own due diligence and for obtaining professional advice before making any investment decisions.<\/p>\n A popular way to build up wealth is to assemble a balanced portfolio of shares from the\u00a0FTSE 100\u00a0and\u00a0FTSE 250. One company investors might consider is FTSE 100 insurer and asset manager\u00a0Aviva\u00a0(LSE: AV<\/a>). Lately, its shares have been flying.<\/p>\n The Aviva share price is up 58% over five years. Growth has slowed lately, which often happens after a strong run<\/a>, but I still think there\u2019s a good opportunity here.<\/p>\n Chief executive Amanda Blanc has driven the business to new heights. She\u2019s simplified operations, reduced costs and improved cash generation. Aviva has also rewarded shareholders with generous dividends. The trailing yield is currently 6.1%. That\u2019s forecast to hit 6.46% next year.<\/p>\n The company\u2019s also positioned to benefit from rising demand for retirement products as the population ages. That doesn\u2019t mean it\u2019s risk free. The recent \u00a33.7bn purchase of Direct Line creates a major challenge, as integrating a large acquisition is never simple.<\/p>\n How risky are Aviva shares?<\/p>\n