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How much do you need in a SIPP to match a £12,548 State Pension?
['Ken Hall', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
Matching the full State Pension of £12,548 a year from a Self-Invested Personal Pension (SIPP) requires a pot of approximately £313,700, assuming a 4% annual withdrawal rate.
The full new State Pension for 2026/27 is £241.30 per week or £12,547.60 over 52 weeks.
Legal & General (LSE: LGEN) currently pays a 21.79p annual dividend, which implies a dividend yield of roughly 7.3% as I write on Friday 31 July.
That's well above the £12,570 State Pension target – though concentrating an entire retirement pot in one company would expose any investor to extreme risk.
Banking on a single company's dividend yield is fraught with danger.