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SIPP - Self Invested Personal Pension

 

We introduce advisors who ensure your SIPP is fit for purpose.
Put simply, a Self invested Personal Pension Plan or SIPP is a personal pension plan which provides more individual control through greater flexibility and increased investment choices. Whether you’re looking to review your existing arrangement or set up a new SIPP, we have a qualified professional SIPP advisor for you.

 

 

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How do I maximise my SIPP investment?

A specialist SIPP advisor will take the time to ensure no stone is left unturned and along with the following factors will help you to consider what’s important:

Begin by exploring your purpose in having a SIPP! For example, having access to a wider selection of investment choices through a SIPP is no good if you don’t use them.

Your number of years or term to retirement should greatly influence your investment strategy and the content of the portfolio contained within the SIPP. Your advisor can help you understand the impact of years to retirement as well as the corrosive effects of inflation.

Discuss your risk profile with your advisor before purchasing your SIPP investments. Taking a more cautious approach may require you to work a year longer while being too adventurous might mean never retiring at all.

Performance and performance reviews as with any pension remains a vital ingredient. If your SIPP underperforms you will need to either alter your investment strategy or increase contribution levels. A SIPP advisor can provide updates and recommend strategies that are designed to keep you on track.

All SIPPs receive the same favourable taxation treatment on contributions, provided you and your trustee operate within the HMRC guidelines. Failure to comply with the guidelines including investment in to unauthorised assets and can lead to significant taxation consequences.

Charges in your SIPP can be as a transaction cost (buying and selling shares), as a fixed amount, a percentage of the asset value or both. Take time to explore the charges with your advisor who will be able to pinpoint the best charging structure for you

Choosing your Trustees can take time because every trustee operates slightly differently. Their rigidity or flexibility will influence your SIPP’s ability to invest more widely into areas like private equity or individual share purchase. Specialist SIPP advisors will have a practical working knowledge and will often be on first name terms with trustees.

 

The Cost of good SIPP advice:

Good SIPP advice and paying for it should really be viewed as a worthwhile investment that keeps you on track with your retirement planning goals. There is a cost of not taking advice and who knows what that disaster fund could amount to as well as a cost for advice which will be disclosed to you by your SIPP advisor.

The best SIPP advisors will save you more than they would even cost over the term to retirement when combining improved investment performance and reduced costs.

You are really investing in a professional who will tell you directly the way it is, pointing out in good times that you can have a contribution holiday and conversely telling you to put more money in when performance is lacking.

Take the next step with your SIPP enquiry today and let us introduce you to a suitably qualified advisor – complete our form today

 

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Pay Attention To Your SIPP Investments
February 15th, 2011 | Your SIPP

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 future is at stake.

SIPPs give you the keys to a kingdom where the best fund managers will be waiting to help you with your decisions. You can make changes as you see fit and SIPPs are not all that costly. The recent introduction of low-cost SIPPs has given hope to lower income earners looking to set something aside for retirement. With high quality fund managers in all sectors, SIPPs give you a major head start, especially compared to traditional pension plans.

A pension will be in most people’s top two most important investments in their lifetime and in some cases will be worth more than a mortgage. Do not neglect it or else you will be faced with a potentially bleak financial future.

Different Circumstances
All of the above articles have been written as a means of encouraging people to choose wisely when it comes to their pension and the information they contain constitute general recommendations rather than personal advice. Remember, stocks, bonds and all other investments are volatile in nature and will fall in value as well as rise. This means you should be looking to hold each position for a long time. Never believe that past performance dictates the future and be aware that there are no investment guarantees.

If you already have or are being offered a company pension, it would be a good idea to join and make some initial contributions. Never place large sums of money on investments you are not sure about. When in doubt, seek assistance from a financial advisor. The tax relief levels mentioned in the previous articles are all up to date but could change in the future with the new government in place. Your financial situation dictates the level of tax relief.

The above information is based on legislation that is in place at the beginning of the current tax year 6 April 2010 and may change from April 2011 onwards. Also, an individual pension scheme may have restrictions which are separate to those imposed by legislation.

If you haven't found all the answers that you are looking for you can find similar content in the Your SIPP sections, contact an adviser at the top of the page, or you could try these related posts:

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