SIPP : Self Invested Personal Pension

What is a Self Invested Personal Pension or SIPP ?

A Self Invested Personal Pension or SIPP is a form of personal pension that allows you to save for your retirement by building an investment portfolio that you choose and manage yourself.

A Self Invested Personal Pension or SIPP is available to:
  • The self-employed
  • Employees who don't have access to an occupational pension scheme
  • Those with frozen benefits from former employers' pension schemes
  • Those with existing personal pension arrangements with other providers
  • Those with no net relevant earnings
  • Those who are active members of occupational pension schemes subject to certain eligibility requirements
Tax benefits of a Self Invested Personal Pension or SIPP

With effect from 6th April 2006 a Self Invested Personal Pension or SIPP can allow investment in a far wider variety of options , such as some overseas property, car parking spaces , and other alternative areas of investment such as timber , solar power , and bio fuels .

Investing in any of these options attracts up to 40% income tax relief for new contributions. For example, a £10,000 investment could cost as little as £6,000 in real terms.

The tax benefits of a Self Invested Personal Pension are that the fund is allowed to grow free of capital gains tax and income tax. A SIPP also have significant inheritance tax benefits.

With careful planning and expert Independent Financial Advice, a SIPP can provide you with an income and can probably achieve a better return than can be achieved within existing pension arrangements.

A Self Invested Personal Pension also allows greater flexibility at retirement than traditional pension plans. Speak to your existing Independent Financial Adviser regarding this , as they will be happy to assist you .

should you not have an IFA , then please do not hesitate to contact us and we will try to assist you in finding one that deals with these type of arrangements .

We are not authorised to advise you as to the suitability of any investment decision regarding SIPPS or any product which can be included in this type of pension .
 
Below are the current SIPP providers who accept the car Park Investment into their SIPP , however other SIPP providers might well also consider this on application from clients . We will endeavour to update the list when we are informed of any new SIPP providers who have agreed to add this product
 
DA Phillips James Hay Partnership Rowanmoor
 
Lifetime Sipp Westerbys Hornbuckle
 
 
Liberty Sipp Hartley SAS  
 
 
 

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SIPP Providers who Accept Investment

DA Phillips
James Hay Partnership
Rowanmoor
Lifetime Sipp
Westerbys
Hornbuckle
Liberty Sipp
Hartley Sipp