Both the structuring of pension arrangements and the flexibility of specific investment products have advanced in recent years. 

Self Invested Personal Pension (SIPP)

A SIPP is a tax-efficient wrapper that can be beneficial for somepeople, but is definitely not suitable for everyone. For the purposes of Her Majesty’s Revenue & Customs (HMRC), it operates in the same way as a conventional personal pension, in respect of contributions and eligibility. 

A wide range of investments can be held within each SIPP, giving you a unique portfolio to reflect your circumstances and appetite for risk.

A SIPP can invest in: 

  • Stocks and shares listed or dealt on any stock exchange recognised by the Inland Revenue, including AIM
  • Stock exchanges that are not recognised by HMRC, e.g. OFEX. 
  • Unit trusts and/or open ended investment companies (OEICs) 
  • Warrants, covered warrants 
  • Government stock, and fixed interest stock 
  • Unquoted shares 
  • Commercial property & land 
  • Property funds 

You and/or your advisers will control all the investment choices made. Therefore, if you already have some level of sophistication when it comes to investment decisions you might find a SIPP beneficial. 

Alternatively, it may appeal if your pension fund is large, but the additional charges for arranging and dealing within a SIPP can quickly erode smaller funds. 

Each new SIPP must appoint a scheme administrator. This is usually the recognised product provider.

We like to consult with our clients regularly, in order to review options and apply the most appropriate products and arrangements to ensure you remain on track for a secure and enjoyable retirement.

If you are interested in SIPPs, or any other specific product, we can provide full details at your next review; and make a recommendation as to whether or not a specific product is beneficial for you, based on your individual circumstances. 

Pensions are a long-term investment. You may get back less than you put in. Pensions can be and are subject to tax and regulatory change therefore the tax treatment of pension benefits can and may change in the future.

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