Self Invested Personal Pensions

A Self-Invested Personal Pension (SIPP) is a UK government-approved personal pension scheme that allows you to make your own investment decisions. As more UK pension funds are decimated by the administrators’ bad investments year after year, the combination of a SIPP and a qualified financial advisor can protect your retirement funds and ensure your investments suit your situation.

A SIPP:

Allows you to retire as early as age 55
Offers you greater flexibility over death benefits
Allows you to withdraw your full pension sooner, tax-free thanks to the ‘Flexi Access’ rules
Gives the option to take 25% of the total pension as a tax free lump sum at age 55

On April 5th 2015, the UK government permitted ‘Flexi Access’, which allowed individuals to have unlimited access to their pension fund from the age of 55. This permits unlimited withdrawals, all of which are treated as taxable UK income, so any withdrawals under the UK’s personal allowance are tax-free.

If you are considering moving from a Defined Benefit company pension, or a Defined Contribution private pension, into a SIPP, leave your details below and we’ll be in touch.