Self Invested Personal Pension (SIPP)

A SIPP is also a type of personal pension plan. It follows the same basic rules with regards to contributions , tax relief and eligibility. The difference is the investment freedom that a member has and the ability to borrow against the fund for further plan investments.

A conventional personal pension generally involves the plan holder paying money to an insurance company for investment in an insurance policy. The choice of investments is limited to that offered by the plan provider.

A SIPP allows the plan holder much greater freedom in what to invest in and for the plan to hold these investments directly. The plan holder can have control over the investment strategy or can appoint a fund manager or stockbroker to manage the investments.

The SIPP itself is established under a trust. The trustee controls the investment under instruction from the member. It is possible for the plan holder to be the trustee. If this is the case, an approved administrator must be appointed to carry out investment transactions.

A SIPP can borrow money against the value of the fund for investments that the trustees consider will benefit the scheme (for example, commercial properties). It can borrow, at any time, up to 50% of the scheme's assets.

One of the main reasons for the popularity of SIPPs is the control and flexibility they provide. Your SIPP will be unique to you, investing in whatever you choose, for however long you like.

You have the ability to change your investments or add new ones whenever you feel it necessary. To a large extent, its overall performance will be in your control, rather than reliant on the performance of one particular fund or company.

 

However, SIPPs are not suitable for every investor and in terms of charges can be more expensive than a stakeholder or personal pension.

We have been told that a good quality stakeholder or personal pension may be more suitable to meet your needs therefore you should seek independent financial advice from a suitably qualified adviser.

To have an independent expert get in touch with you to offer some initial advice, simply enter your details below

 

Enquiry Type General Pension Advice Transfering a Pension SIPPS Pension Review Pension Release Pension Annuities Income Drawdown Company Pension Full Name:* E-mail Address:* Telephone Number:*: Postcode: Preferred Contact Time: Morning Afternoon Early Evening On submission of this form you agree to our privacy terms

 

 

 

 

Sweetland Associates Ltd is registered in Wales under CRN4689304 and our registered office and business address is
24 Bridge Street Newport. Our telephone number is 01633 247700. Our e-mail address is sweetlandifa@btconnect.com

Sweetland Associates Ltd is an Appointed Representative of TenetConnect Limited which is authorised and regulated by the Financial Services Authority.

TenetConnect Services Ltd is entered in the FSA Register (www.fsa.gov.uk/register/home.do) under reference 150643