Self-Invested Personal Pension (SiPP)
Self-invested personal pensions (SIPPs) are a type of personal pension. They are an individual contract between you and the pension provider. However, SIPPs offer much wider investment powers than are generally available for personal pensions and group personal pensions.
The wider investment powers can allow you to invest in a wide range of assets, including:
Not all SIPPs allow you to invest in the full range of allowable investments. SIPPs that hold specialist investments (such as property) may be liable to pay higher charges than schemes that hold ‘mainstream’ investments.
We can advise and set up all types of SiPPs and compare to Small Self-Administered Schemes (SSAS). We can also arrange a Family Pension Trust SiPP which is a private pension scheme, independently established for the benefit of its members who may be a group of financially like-minded individuals or family members.
The use of the family trust to preserve wealth in a family is most interesting and helps your children continue to enjoy the benefits of your retirement savings.
As you can imagine pension planning is very important to position your assets correctly in later life and enjoy tax benefits. Please contact us to discuss further.
The wider investment powers can allow you to invest in a wide range of assets, including:
- quoted UK and overseas stocks and shares
- unlisted shares
- collective investments (such as OEICs and unit trusts)
- investment trusts
- property and land (but not most residential property) insurance bonds.
Not all SIPPs allow you to invest in the full range of allowable investments. SIPPs that hold specialist investments (such as property) may be liable to pay higher charges than schemes that hold ‘mainstream’ investments.
We can advise and set up all types of SiPPs and compare to Small Self-Administered Schemes (SSAS). We can also arrange a Family Pension Trust SiPP which is a private pension scheme, independently established for the benefit of its members who may be a group of financially like-minded individuals or family members.
The use of the family trust to preserve wealth in a family is most interesting and helps your children continue to enjoy the benefits of your retirement savings.
As you can imagine pension planning is very important to position your assets correctly in later life and enjoy tax benefits. Please contact us to discuss further.