About Self Invested Pensions
Self invested pensions (SIPPS) allow investors to select a wide range of assets. But more importantly, they put the investor in total control over the way money is invested, managed and then returned.
Investing for the Future
Unlike most conventional pension plans, whether they are personal pensions or occupational schemes, SIPPs put investors in control of their investment strategy, allowing them to decide when and how much to invest.
Like other approved pension plans, investors receive tax relief on contributions made and the money invested grows free of
Managing Money
When it comes to selecting what investments to be made, there is real choice. Investments can usually include insurance company bonds, gilts, shares on the world’s leading stock markets, unit trusts, investment trusts commercial property and other more specialised investments. Investors do need to be sure, however, that any assets bought are likely to increase in value and that they receive professional advice, as not all assets are suitable. And, of course, cash deposits can be held.
Timing Retirement
Timing retirement is something that can be difficult to do very much in advance, yet insurance companies normally ask investors to say at the start when they will retire—and they fix their charges accordingly. Changing minds nearer the time can be difficult—and even result in additional charges being levied.
Information supplied by
ASQUITH HART FINANCIAL MANAGEMENT LLP.
20 Burdett Way. Repton. Derbyshire DE65 6GA
Registered in
Authorised and regulated by the Financial Services Authority. FSA No 502958
The information contained in this publication is correct according to our understanding of current and proposed tax law and Inland Revenue practice, as at the date of publication and can be subject to change.
Why let a remote administrator control your income?
The value of investments is not guaranteed and will fluctuate; you may get back less than you put in.
This article does not provide individual investment advice.
