Self-invested personal pensions (SIPPs)
A SIPP is a personal pension with added flexibility. It puts you in control as you can decide where you want to invest your assets.
Investment options include:
- quoted UK and overseas stocks and shares
- unlisted shares
- collective investments (for example OEICs and unit trusts)
- investment trusts
- property and land (but not most residential property)
- insurance bonds.
It can also be used to borrow money, for example, to raise a mortgage to part-fund up to 50% of the purchase of a commercial property.
Who is it for?
SIPPs are ideal for those who are in control of their own investment decisions and are looking to increase their existing range of assets.
Is SIPP right for you?
A SIPP is popular for investors who:
- want to control their own pension arrangements
- would like a wider choice of investments
- would like to make use of pension drawdown to remain invested post retirement.
This is only a brief outline of the scheme so if you like the idea of a pension that gives you more control and flexibility then we’d be delighted to provide further details to help you make the right choice.
Contact us today to discuss retirement planning.
Pension eligibility depends on personal circumstances. Tax rules and allowances are not guaranteed and may change in the future. Pension benefits cannot normally be taken until age 55. The value of investments can fall as well as rise and you may not get back the amount you originally invested.