There are many companies in the UK offering SIPPS or pensions with a self invested pension option. These include household names such as Halifax, Prudential, AXA and Standard Life, as well as a number of specialist SIPP providers. But Read more…
Deciding on whether a SIPP Pension is a more suitable option than other forms of personal pensions can be tricky. Savers are generally advised to consult with a suitably qualified pensions’ adviser to start with. Pension advisers will analyse Read more…
SIPP holders can take an income from their pension between the ages of 55 (as of April 2010) and 74, provided they have enough funds in their pot. Upon retirement, 25% can be taken as a tax free lump Read more…
Investors who earn more than £3,600 a year can contribute up to 100% of their ‘Relevant UK’ earnings into their SIPP in each tax year and receive tax relief at up to their top rate of tax. However, there Read more…
Unlike other personal pension schemes, a SIPP can hold a wide range of investments, which grow virtually tax free. However a SIPP with a wider level of investment choices may come with higher charges and therefore it is important Read more…
Setting up a SIPP pension can be done online. A regulated adviser can help in selecting a suitable wrapper, which must be set up with an insurance company or specialist SIPP administrator to provide the pension tax shelter. Once Read more…
With SIPP pensions there are two main charges involved – a set-up fee and an annual administration fee. The initial charges for setting up a SIPP are typically between £200 and £400, while the annual administration cost usually ranges Read more…
SIPP pensions have a number of advantages over more basic personal pension plans. One of the major benefits is the greater amount of control and flexibility they offer. Savers are given the option of choosing and managing their own Read more…
A Self Invested Personal Pension, or SIPP, is an upmarket form of a personal pension plan that offers savers a number of attractive features such as increased control and flexibility of their pension fund and its investments. Introduced in Read more…