A Self-Invested Personal Pension (SIPP) is a tax wrapper that allows you to save efficiently for your retirement.  You get the same tax reliefs as you do when contributing into a personal pension but the big difference is the extra flexibility on investment choice, as well income at retirement.

If you don’t like the idea of purchasing an annuity then a SIPP can give you the option to take your tax free cash at retirement, and drawdown income at the rate you want within the government’s allowable guidelines.  This allows you to delay taking an annuity either altogether or at the time that’s right for you, while hopefully letting your remaining fund to continue to grow.

SIPPs are not right for everyone, but if you like the idea of creating your own bespoke solution that includes whole of market advice and open choice, then a SIPP with us could be right for you.

What you can invest in:

Most SIPPs allow you to select from a range of assets, such as:

  • Equities quoted on a recognised UK or overseas stock exchange
  • Government gilts
  • Corporate bonds
  • Unit trusts
  • Investment trusts
  • Insurance company funds
  • Deposit accounts with banks and building societies
  • Commercial property (such as offices, shops or factory premises)

What you can’t invest in:

  • Residential property cannot be held directly within a SIPP, although you could invest in residential property indirectly through Real Estate Investment Trusts (REITs).

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