What is a SIPP Pension?

A SIPP pension is a government backed pension which allows you to manage your investments with the freedom to choose from a much wider range of SIPP Investments that are not normally available through normal occupational and personal pensions.

A SIPP pension also allows you to bring together a number of smaller preserved (frozen) pensions and place them all into one SIPP, therefore only paying one charge instead of multiple charges for each pension.

With many pension funds persistently underperforming, more and more people are moving into a SIPP pension to allow them more flexibility and control over how their money is being invested.

A SIPP Pension is also a highly tax efficient way of saving for your retirement as it can attract tax relief at your highest rate on personal contributions.

SIPP Investments

All our SIPP investments have gone through a rigorous due diligence process to ensure they comply with HMRC and SIPP regulations.

SIPP Advice

Berkeley Knight Ltd do not offer advice on SIPP pensions or the transfer process.

How do I start a SIPP? 

Please contact your financial advisor.

At Retirement

A SIPP can be beneficial to you at retirement because you do not have to purchase an annuity with the fund.  You can take an income drawdown, taking part of it each year and leave the rest invested. This is especially advantageous if annuity rates are very low.

And just like a personal pension, you can take a tax free lump sum at age 55 or over, but unlike a personal pension, you don’t have to take it all at once. You could take a smaller amount of tax free cash every year and leave the rest in your SIPP pension to invest.


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.