A Self Invested Personal Pension (SIPP) is a Registered Pension scheme under the terms of the Finance Act 2004.
SIPPs are designed for investors who want maximum control over their pension without being dependent on any one fund manager or insurance company. As such, a SIPP requires active management and a degree of investment expertise. Furthermore, the charges (levied by the SIPP manager) may be higher than for a personal pension or stakeholder plan.
Unlike a standard personal pension, a SIPP holder has a much wider choice of assets to invest in, each of which can be selected to meet the individual's personal circumstances and requirements.
Investments which can be held in a SIPP include:
It’s possible to use a SIPP to raise a mortgage to fund the purchase of commercial property, where the rental income paid into the SIPP either completely, or partially covers, the mortgage repayments and/or the property’s running costs.
Please note SIPPs are not suitable for everyone investing into a pension, we will conduct an assessment of your situation to determine suitability.
A PENSION IS A LONG TERM INVESTMENT, THE FUND VALUE MAY FLUCTUATE AND CAN GO DOWN. YOUR EVENTUAL INCOME MAY DEPEND UPON THE SIZE OF THE FUND AT RETIREMENT, FUTURE INTEREST RATES AND TAX LEGISLATION.
INFORMATION IS BASED ON OUR CURRENT UNDERSTANDING OF TAXATION LEGISLATION AND REGULATIONS. ANY LEVELS AND BASES OF, AND RELIEFS FROM TAXATION, ARE SUBJECT TO CHANGE.
CONTACT US
Hamptons Wealth Management Limited
Beech House
Pinewood Business Park
Coleshill Road, Marston Green
Solihull
B37 7HG
T: +44 (0)121 788 4588
F: +44 (0)121 788 3555
Email Us
Hamptons Wealth Management Ltd is An Appointed Representative of Sanlam Partnerships Ltd which is Authorised & Regulated by the Financial Conduct Authority.
Sanlam Partnerships Ltd is entered on the Financial Services Register (www.fca.org.uk/register) under reference 563682.
Hamptons Wealth Management Ltd is entered on the Financial Services Register (www.fca.org.uk/register) under reference 758966.
Hamptons Wealth Management Ltd adheres to and subscribes to the Financial Ombudsman Service. For full details of their service CLICK HERE or contact us for further information.
Decisions should not be taken based solely on the content of the website and individual advice should be sought first.
This site is for UK consumers only. Regulations, levels and bases of taxation are subject to change.
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