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A self-invested personal pension or SIPP is a form of pension- a legal structure that qualifies for key tax benefits. Unlike most forms of personal pension, the pension structure is separate from the investments that it holds.
SIPPs are set up under Trust to make certain that the funds are only used in accordance with the legislation that governs pensions. The legislation stipulates where the pension can be invested and how and when benefits can be taken.
This means that you:
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can control the investments that you make through your pension
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have a much wider choice of investments than is available through most personal pensions
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have great flexibility in how you take pension benefits at retirement
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can save money in pension and investment charges
Usually, once a SIPP is set up, existing pensions are transferred to it and new pension contributions made.
You can then:
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set up a bank account to hold cash deposits
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deal in collective investments through an investment platform or directly with the fund manager
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trade stocks, shares and other securities through a stockbroker
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invest in property
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borrow using your pension
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make loans from your pension (to unconnected parties)
To find out more call i-SIPP on 0870 777 0368 or email info@i-SIPP.com |