We will assume you are ok with this, but you can opt-out if you wish.
There have been recent developments surrounding in specie contributions, specifically on whether HMRC are prepared to grant tax relief on them. Until such time that HMRC’s position is clarified we have suspended our ability to accept new in specie contributions.
If you have any questions please give us a call – 01786 237 017
A SIPP (Self Invested Personal Pension) is a type of personal pension scheme that allows you to save for retirement in a tax efficient and flexible way.
A SIPP can give you the choice of a huge range of investments, including commercial property, although many SIPPs provide less investment scope. With a SIPP, you decide how you want to invest your pension savings, with your financial adviser’s support.
SIPPs are used by all sorts of people, including those who are employed, self employed or young savers. Some of the main benefits of a SIPP include:
Tax relief on contributions
No income tax on investments
No capital gains tax on investments
Tax free lump sum at retirement
Income from when you’re 55 years old (lump sum or regular)
Wide range of possible investments
Where advice is appropriate, consolidate your pension savings.
However, you can’t access your pension fund before age 55 and any income you take from the SIPP will be taxed as income. You (or your financial adviser) also need to actively manage your investments to ensure you make the most of your money.
Well, in simple terms, because we provide excellent SIPP products (Defaqto 5 Star and 4 Star Rated), and are committed to providing you with the best service and support directly from our specialist administration team.
Both our products and support are designed to last a lifetime. Our SIPPs enable you to both save for retirement, and then when the time is right, take an income via ‘drawdown’ from the very same SIPP. Easy!
If you want to learn more about our SIPPs, please take a look at our: