A Self Invested Personal Pension (SIPP) is a sort of DIY pension for people wanting to manage their own fund. It is a tax-efficient wrapper allowing for a wide range of investment types. Investors decide whether assets are bought, leased or sold and decide upon their purchase and disposal.
The range of investments includes:
- Stocks and shares listed on a recognised exchange
- Futures and options traded on recognised futures exchange
- Authorised UK unit trusts and OEICs and other UCITS funds
- Unauthorised unit trusts that don't invest in residential property
- Investment trusts subject to FSA regulation
- Unitised insurance funds from EU insurers and IPAs
- Deposits and deposit interests
- Commercial property (inc. hotel rooms)
- Ground rents
- Traded endowments policies
- Derivatives products such as a Contract for difference (CFD)
- Agricultural Land
There are huge tax advantages to SIPPs, especially for limited companies. Contact our wealth management team to find out more.