What are SIPPs ?
With a Self Invested Personal Pension, you are in complete control of your pension and it’s planning.
Traditionally SIPPs were reserved for large pension funds, generally over £200,000 in value. Recent competition in the market place has seen associated charges fall and the SIPP option become much more accessible for many.
SIPPs need not be complicated either, they can be used to simply increase the number of investment options open to you. Ordinarily your pension would probably have been invested in a restricted pool of funds, a SIPP increases the possibilities by allowing you to invest your pension in the following areas ;
• Property
• Unit & Investment Trusts
• Stocks & Shares
• Managed Funds
For reasons such as these, Self Invested Personal Pensions are becoming a very popular choice in the UK.
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