For those clients that want the sort of pension that offers flexibility to invest where you want, there are SIPPs. These Self Invested Personal Pensions are known in the industry as ‘wrapper’ pensions and work in the same way as normal pensions but with one simple difference, they give you a much wider choice of investments.
These investments in turn can be self-managed or we can do that for you as your financial advisor. These wider investment options can include company shares, collective investments and investment trusts as well as property and land.
In addition, SIPPs are tax efficient on a number of levels and have relief on contributions up to £40,000. Plus, bear in mind that money in your SIPP grows free of Capital Gains and Income Tax.
There are many reasons why our clients choose SIPPs but the main one is that they offer choice. Choice to invest in what you want, choice to manage them with that flexibility and most importantly choice to avoid investing in something that you’d rather not do.
It’s this level of choice that makes a difference, as well as making the whole thing more interesting and involved. Although SIPPs work in the same way that traditional pensions do, they are in reality the polar opposite in the way they’re actually managed.
If you are interested in having a pension scheme with this level of flexibility and choice then your next move is to pick up the phone and talk to us at Sirius Financial on (insert number). We’re approachable, knowledgeable and experienced and will always offer the sort of advice that’s effective.
The value of investments can fall as well as rise and you may not get back the amount originally invested.