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Having no pension savings at 50 isn\u2019t an ideal start to retirement planning. But if you\u2019re in this situation, the good news is it\u2019s not the end of the world. And there\u2019s still plenty of time to start a building half-million-pound pension pot for a cosier retirement. Here\u2019s how.<\/p>\n
Getting started<\/p>\n
First things first, you need to use the right tool for the job. And when it comes to growing a pension, the Self-Invested Personal Pension (SIPP) is arguably one of the most powerful options out there.<\/p>\n
Should you buy Pphe Hotel Group shares today?<\/p>\n
Before you decide, please take a moment to review this report first. Despite ongoing uncertainties from Trump’s 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’s why this could be an ideal time to secure this valuable research \u2013 Mark’s analysts have scoured the markets to reveal 5 of his favourite long-term ‘Buys’. Please, don’t make any big decisions before seeing them.<\/p>\n
Apart from enabling a portfolio to grow without interruption from capital gains or dividend taxes, any contributions made also receive some juicy tax relief. That essentially means someone paying the basic rate of income tax receives a 20% tax refund, turning a \u00a31,000 deposit into \u00a31,250 of investable capital.<\/p>\n
So how much money could an investor end up with by retirement?<\/p>\n
Let\u2019s say a 50-year-old is starting from scratch today and wants to retire at 67. Compounding \u00a31,250 a month at the stock market\u2019s 8% average return for 17 years will grow a brand-new SIPP portfolio to \u00a3539,746.55.<\/p>\n
But with inflation slowly chipping away at purchasing power, half a million might not be enough 17 years from now. So what\u2019s the solution?<\/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
Aiming higher<\/p>\n
Instead of aiming to replicate the stock market\u2019s average 8% return, investors can craft a custom portfolio of top-notch stocks to beat the market. And the results can be game-changing.<\/p>\n
A perfect example of this over the last 17 years is PPHE Hotel Group (LSE:PPH<\/a>). The company\u2019s a bit of a rare oddity within the hospitality real estate sector, choosing to continue owning and building new properties while most of its rivals shifted to more asset-light models.<\/p>\n When combining this real estate investor strategy with its \u2018buy, build, operate\u2019 strategy, PPHE enjoyed the best of both worlds, generating cash flows<\/a> from its portfolio of hotels while simultaneously benefiting from steadily rising property prices.<\/p>\n The result? A 5,291% total return since April 2009 \u2013 the equivalent of a 26.4% annualised return. And anyone who\u2019s been drip feeding \u00a31,250 each month at this rate now has borderline generational wealth of \u00a34,756,782.67.<\/p>\n Still worth considering?<\/p>\n