SIPP Advantages
There are many advantages to a Self invested personal Pension, we will touch on some of them here. Please contact us for more information.
While your money is in the fund, it is tax free and so avoids capital gains tax, income tax and inheritance tax. You will also receive 40% income tax relief on contributions you make yourself, and you are able to take a 25% lump sum from age 55.
Modern SIPP providers now give access to your account online, accessible 24 hours a day so you can check performance rather than waiting for the annual statement normally provided with traditional pensions.
A summary of how a SIPP compares against alternative pensions :
| Investment Choice | State Pension |
Insurance Company Personal Pension |
Self Invested Personal Pension (SIPP) |
| Cash | no | yes | yes |
| Insurance Company Funds | no | yes | yes |
| UK & Foreign Equities | no | no | yes |
| Gilts | no | no | yes |
| Hedge Funds | no | no | yes |
| Investment Trusts | no | no | yes |
| Property | no | no | yes |
| Futures & Options | no | no | yes |
| Traded Endowments | no | no | yes |
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0800 678 5929
