Self Invested Personal Pensions

Although traditional personal pensions offer an excellent way to save for retirement, for individuals with larger than average pension funds the investment options are restricted and may not be as attractive.

For people that wish to take a more active role in their pension planning and investment decisions, a Self Invested Personal Pension or SIPP, may be a suitable alternative.

A SIPP is effectively a personal pension with the same tax reliefs but the biggest difference is in the area on investment choices. Instead of a restricted range of an insurance company’s own funds, investments that can be held within a SIPP include:

• Commercial property
• Stocks and SHARESSHARES
  If you own shares in a company you are a part owner of the company, entitled to vote at annual meetings and benefit from the company’s profits. These are distributed in the form of a dividend. traded on a recognised stock exchange
• Overseas SECURITIESSECURITIES
  The general name for stocks and shares. traded on a recognised stock exchange
• Deposit accounts
• UNIT TRUSTSUNIT TRUST
  An investment contract which invests in a variety of different stocks and shares and is divided into units which are issued to its members instead of shares. and OEICs (OPEN ENDED INVESTMENT COMPANY)OEIC (OPEN ENDED INVESTMENT COMPANY)
  A managed fund which holds a portfolio of investments which you can buy into. OEICs issue shares instead of units, and normally quote a single price for buying and selling.

This list is in no way exhaustive and you may be surprised what you can invest in. But a SIPP is not for everyone.

A SIPP is not a simple proposition and at Almary Green we strongly believe that professional advice is vital in this area. We have wide ranging experience with all aspects of SIPPs and would welcome the opportunity to explore how a SIPP may be suitable for you.

Contact us for a free initial consultation to explore your options.