A Self-Invested Personal Pension (SIPP) is the name given to the
type of government-approved personal pension scheme, which allows
individuals to make their own investment decisions from the full
range of investments approved by HMRC.
SIPPs are a type of personal pension plan. SIPPs, in common with
personal pension schemes, are tax "wrappers", allowing tax rebates
on contributions in exchange for limits on accessibility. The HMRC
rules allow for a greater range of investments to be held than
Personal Pension Plans, notably equities and property. Rules for
contributions, benefit withdrawal etc are the same as for other
personal pension schemes.
Saving in a tax efficient manner towards your pension is always
desirable and the self invested option gives you a much greater
range of investment options than allowed by most traditional
insurer supplied pension plans.
Investment is allowed into Equities (both UK and foreign),
Stocks and Shares, Unit Trusts, OEICs, Gilts, Hedge Funds,
Investment Trusts and Commercial Property to name a few.
To find out more about setting up SIPP please give us a call on
0113 234 5528 or complete the online enquiry
form and we will give you a call to discuss your
requirements.