SIPP
Investment
A Sipp can be used to hold a wide range of
investments from shares, gilts, unit trusts, investment
trusts, insurance company funds and commercial property, but
not private property.
Many wealthy individuals are no
longer satisfied with leaving their retirement nest eggs in the
hands of underperforming fund managers, and so are increasingly
switching to DIY personal
pensions.
There are a
wide range of assets that can be held in The Essential SIPP.
This allows the member to spread risk and select assets that
most closely meets their needs. This could include the
appointment of a Stockbroker, purchase of Unit Trusts and the
self selection of Gilts or equities via the members own
broker.
Also, you have more choice if the
investments perform badly - you can simply move the money to
another investment house, rather than being tied when a fund
performs badly. You can make the decisions yourself, or use a
stockbroker or financial adviser to do it for you.
The popularity of SIPPs in recent
years is undoubtedly partly due to the flexibility they offer
to customers, by allowing them to invest in a wide range of
investments.
It's possible to unleash yourself
from pension providers and take control of your own retirement
planning. A Sipp, a Self Invested Personal Pension, allows you
to personally manage the choice of investments. Pick the right
provider and do your research and you can shear serious costs
from your pension, ensuring you gain.
Many wealthy individuals are no
longer satisfied with leaving their retirement nest eggs in the
hands of underperforming fund managers, and so are increasingly
switching to DIY personal pensions.
Someone with their own business
might decide to use the property assets - such as offices,
factories, agricultural land and warehouses - as part of a
retirement nest egg. In this case, they would pay rent directly
into their own pension fund rather than to a third party,
usually an insurance company.
For best advice contact a specialised
investment, taxation, or pension advisor.
| 