Wealth Club launches UK's first private markets SIPP

UK individuals can now invest in a variety of private equity funds from managers such as Brookfield, CVC and EQT in their pensions from just £10,000. This will give them access to companies like SpaceX and SHL Medical, it explained. They can also transfer existing pensions or make new contributions. In addition, the Wealth Club Private Markets SIPP holds 45% income tax relief, meaning a £10,000 investment could cost only £5,500, the firm noted. Wealth Club CEO and founder Alex Davies said: "This is a great opportunity for experienced investors to add a slice of private markets to t...