2 magnificent dividend stocks I plan to add to my SIPP in May

I’ve been building a portfolio of growth and dividend stocks with my Individual Savings Account (ISA) for years. The next part of my investing journey is to prioritise funding a Self-Invested Personal Pension (SIPP). With a SIPP, I have an opportunity to invest up to £60,000 each tax year, according to what I earn. I also have a wider range of investments to choose from with one of these products than with an ISA. The big deal for me though, is the enormous tax relief investors enjoy. For every £1,000 I invest, the government will add another £250. Higher- and additional-rate taxpayers can enjoy even bigger benefits too. People in these brackets can enjoy tax relief of up to 40% and 45% respectively. 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. In recent weeks, I’ve bought Legal & General, CRH and...

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