SIPPs (Self Invested Pension Plans)

A Self-Invested Personal Pension (SIPP) is the name given to the type of government-approved personal pension scheme.

It 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 & foreign), Stocks & Shares, Unit Trusts, OEICs, Gilts, Hedge Funds, Investment Trusts and Commercial Property to name a few.

The value of investments can fall as well as rise, you may get back less than you invested.

How can we help?

To find out more about setting up SIPP please give us a call on 01423 223 640 or complete the online enquiry form and we will give you a call to discuss your requirements.

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