Frequently Asked Questions

Why Choose a SiPP

The major advantage of a SIPP is the increased control and flexibility over your investments. Unlike a conventional pension scheme, where you have no control over where you money is invested, a SIPP offers a wide range of investment options. This includes commercial property. SIPP's also offer considerable tax benefits and allow investors to bring all of their pension schemes and investments together in one tax efficient wrapper.

How much tax relief can i claim against my SiPP

The SIPP administrator can claim basic rate tax relief at 20% for non tax payers and basic rate tax payers. For higher rate tax payers the tax relief is 40%. The value of tax savings and eligibility to invest in a SIPP will depend on individual circumstances and all tax rules may change in the future.


A brief explanation of a SiPP

SIPP stands for Self-invested Personal Pension. It is a type of personal pension and is designed to provide an income in later life. You make contributions into it and receive tax relief in the same way as other pensions. The key difference is that you get much greater control over saving for retirement because a SIPP gives you more freedom to choose how to invest your retirement savings and manage them over time.


A brief explanation of a SSAS

A SSAS (Small Self Administered Scheme) is a pension set up under trust by an employer, for employees, directors etc. All members of the SSAS have control over the investments. SSAS investments can be used to loan money to the company and can provide an income drawdown or lump sum to dependants. SSAS pension plans are separate from the employer and are safe in the event of company breakdown or liquidation.