Self Invested Personal Pensions
Self Invested Personal Pensions
A self-invested personal pension, or SIPP, is a pension scheme which essentially puts you, the policy member, in charge of choosing where your money is invested. You take on all the responsibilities of a fund manager, and with this come all the advantages and disadvantages of being in such a position. Given the hundreds of different ways of investing your money, you should be comfortable with making your own investment decisions.
Charges on a self-invested personal pension can also be higher than on other pensions, though this has been partially mitigated in recent years through the addition of online SIPPs, which reduce the charges involved.
Different providers of SIPPs will apply different rules and charges. There are also specialised companies who provide SIPPs focusing specifically on a certain type of investment or market, so it can be important knowing where and how you plan to invest your pension.
There are a number of ways of obtaining advice of on a self-invested personal pension. We work with Eden Personal Financial Planning to provide a free, no obligation independent planning service. Eden Personal Financial Planning are a leading UK firm of independent financial advisors, with a focus and expertise in the pensions and annuity market.
Alternatively click on self invested pension advertising links below: