Guides

SIPP snippets
A cut above the rest

Self-invested personal pensions (SIPPs) are very much part of the mainstream pensions arena today. Introduced in 1991, they were designed to give people more flexibility and control over their pensions.

SIPPs are a pensions ‘wrapper’ for a portfolio of investments, enabling individuals to invest in shares of all major stock markets, unit trusts, investment trusts, bonds and even commercial property, both freehold and leasehold.

If appropriate, anyone in a money purchase occupational pension scheme or personal pension scheme could set up a SIPP. Phased retirement and income drawdown schemes can also be operated in conjunction with a SIPP.

If you require any further information about the services that we provide or would like to review your financial planning position, please email or contact us.

Levels and bases of, and reliefs from, taxation are subject to change.

This article is for your general information and use only and is not intended to address your particular requirements. Although endeavours have been made to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No individual or company should act upon such information without receiving appropriate professional advice after a thorough examination of their particular situation. Any references made to the Pre-Budget Report may be subject to the Finance Bill becoming law.

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