SIPPs- Self Invested Personal Pensions

The SIPP (Self Invested Personal Pension) has caused quite a stir since it has become available. The benefits of SIPPS are manifold. For a start, would-be investors have a range of choices when it comes to investments. While regular investing is accompanied by taxation, those investing in SIPPS are offered sizeable tax relief. Essentially, you [...]

SIPPs are not some magical plan which are wildly different from traditional pensions. Like stakeholder or personal pensions, you still have retirement options, limits on how much can be invested as well as a set amount of tax relief. The whole point of a pension is to invest a certain amount in the account and [...]

SIPPs offer so much more in terms of investment than personal pensions. You could elect to put your money in collective investment funds such as Exchange Traded Funds (ETFs), Unit Trusts and Investment Trusts. When it comes to shares, SIPPs allow you to invest in futures and options, UK Gilts and Individual UK equities. Other [...]

It would be wrong to suggest that SIPPs are the perfect solution for everyone. For example, the enormous choice of funds may prove confusing for those looking for something simple. There is also the possibility that you already have a work pension that will give you more than enough security. You also may not be [...]

SIPPs offer you tax benefits in the same way as personal pensions do. This relief is designed to increase a pension pot and acts as an incentive. The government allows pensions to benefit from a level of tax relief that varies depending on your earnings. Tax Relief When it comes to SIPPs, the government will [...]

It is a fact that almost every single UK resident under the age of 75 is eligible to take out a SIPP. This even includes minors and those who are unemployed and covers the transferring of money from another pension to a SIPP. SIPPs allow you to claim tax relief on your pension until the [...]

How Much Is Enough? Unfortunately, we cannot give you a definitive answer because of people’s differing circumstances. One often used piece of advice for those looking to retire at 65 entails saving a percentage of your annual earnings that is equal to half your age when you elected to start saving for your pension. For [...]

If you have benefited from the tax relief of SIPPs and have been fortunate enough to have seen your total investment grow as you approach retirement, you will obviously be keen to make the most prudent decision once your working days are over. Choices Although the state pension age is much higher, it is possible [...]

Unsecured Pension This is also known as income drawdown and lets you invest money into the pension fund whilst withdrawing the tax-free lump sum and using your fund as a source of taxable income. This option is available to everyone below the age of 75. Once this age has been reached, you have to purchase [...]

A SIPP Investment allows you to have the kind of control that enables you to make your own choices based on what you feel is best for you. There is no doubt that SIPPs require a little bit of effort to maintain and monitor but this is the minimum you should expect when your financial [...]