SIPPs

SIPPs In recent years the pensions industry has become more advanced in terms of the flexibility

of investments available and the structure of the actual pension arrangements.

A Self Invested Personal Pension (SIPP) is a tax-efficient wrapper within which a wide range of

investments can be held. A new SIPP must appoint a scheme administrator, usually the recognised

product provider. SIPP's have the same tax benefits and regulations as conventional personal pension

plans but you and/or your advisers have control over the investment choice - each SIPP is unique to

the individual. Otherwise, it operates in the same way as a conventional personal pension in respect

of contributions and eligibility for Her Majesty's Revenue & Customs (HMRC) purposes.

The range of permitted investments is extensive and includes more conventional investments such as

deposits, unit trusts, stocks and shares and also more unusual assets such as commercial property.

The complex nature of a SIPP means that it is not suitable for all investors. Often, the benefits of 'self

investment' are only advantageous to people with very large funds and/or investors with some level

of sophistication when it comes to investment decisions. Often, there are additional charges for

arranging and dealing within a SIPP and these charges would erode smaller funds quickly.

We will be able to provide more details and make a

recommendation based on your own circumstances.