Investing
What is ISA vs SIPP (Scotland)?
ISAs and SIPPs are both tax-efficient investment wrappers, but they work differently. SIPPs give upfront Scottish tax relief (up to 48%) but tax withdrawals; ISAs give no upfront relief but withdrawals are tax-free. For Scottish Higher-rate taxpayers, SIPPs usually win if you'll be a Basic-rate taxpayer in retirement. ISAs win for flexibility and Basic-rate current taxpayers.