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Self Invested Personal Pension Plans (SIPP’s)

 

 

 

A Self Invested Personal Pension (SIPP) is a pension that allows you greater choice and control over where you can invest your money.
 
Traditionally pensions only allow you to select from a few funds, which are normally ones that are run by the pension company’s own fund managers. A SIPP allows you to choose from a wider range of funds and other kinds of investments such as cash, equities (both UK and foreign), Gilts, unit trusts, Open Ended Investment Companies, hedge funds, investment trusts, commercial property and land, traded endowment plans and options.
 
Due to the investment flexibility of a SIPP, you won’t even be required to change your contract if you want to switch investments e.g. moving funds to reduce or increase risk.

In terms of tax benefits, investment limits and retirement options, a SIPP works in exactly the same as any other stakeholder or personal pension.

 

 
 
If you wish to discuss the above further or require information on any of our services, then please contact us. 
 
Any reference to legislation and tax is based on FPP’s understanding of UK law and HMRC practice. These may be subject to change in the future. Tax rates and reliefs will also change and their value to you will depend on your individual circumstances. No guarantees are given regarding the effectiveness of any of the above strategies.