Is a Self Invested Personal Pension (SIPP) for me?

Steve Weisner - Independent Financial Adviser Radcliffe & Newlands

In the last couple of years there has been a lot written in the press about SIPPs, yet many people are still coming to us asking “what is a SIPP?”. Put simply, a “Pure” or “Full” SIPP is a tax-efficient wrapper that can be used to shelter a range of investments. You, the investor, choose what goes into the wrapper. The pension company merely follows your instructions, ensuring the investments are held securely and legally.

For many, a pension would simply mean holding a tailored range of UK and global equity investment funds. For others who have the confidence and prefer to be more involved, more adventurous investment opportunities are also available through a Full SIPP.

Hornbuckle Mitchell, for instance, have SIPPs that hold a museum, a curry house, land in the Bahamas, car parking spaces, hotel rooms, a stud farm, as well as a large number of dental practices and nursing homes. You can also invest in residential property via The Property Investment Market. Income from these ventures are tax efficiently reinvested and are free from capital gains tax upon sale. Contributions attract tax relief at your highest marginal rate.

SIPPs are growing in popularity, with many consolidating pensions funds to enable one, but check they are the right type of SIPP for you or indeed if you require one as the costs for running them are higher than for personal pensions.

To find out whether a SIPP is the right type of pension for you, please contact Steve and he'll be happy to outline the possibilities for you. 

Steve Weisner
Independent Financial Adviser
Radcliffe & Newlands
5th Floor Crystal Gate
28-30 Worship Street
London
EC2A 2AH  

Tel: 020 7382 0437
Fax: 0207 374 0462
Email: SWeisner@myeggnest.com
www.rad-new.com

If you have a question or if you would like to discuss becoming a client with Radcliffe & Newlands then do please complete the very short form on the right hand column of this page.

You will usually get an answer within 24 hours except during the weekend or bank holidays.

Other Investment Articles

Are pensions worthwhile?

I want to build a portfolio where do I start?

Introducing Investment Bonds

Is a SIPP for me?

Little and often for a big reward

The Rise and Fall of the equity market

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