Retirement Planning - Self Invested Personal Pensions (SIPP)

Take Control Of Your Future

For many people the biggest worry about investing in a pension is the loss of control. Many people are worried that at retirement they may have to buy an annuity, especially if annuity rates are low. The fact that it is an irrevocable decision may have future disadvantages i.e. you purchase a spouses benefit but your spouse predeceases you.

The Self Invested Personal Pension (SIPP) allows you to take control of your future.

The SIPP is a complex vehicle, but in essence it allows you to control how you take your pension benefits, allowing you flexibility to alter things if circumstances dictate it.

A SIPP can be managed so that:

- income can be taken in a tax efficient manner
- income can be varied on a regular basis
- lump sums can be withdrawn
- varying benefits can be purchased to suit current circumstances
- on death the fund can be passed on to a spouse, or in trust to a child

A SIPP has an extremely wide range of investment choices, ranging from life funds, stocks and shares and you can even include property within it.

There are rules and restrictions that have to be adhered to and there are inherent risks attached to investing in a SIPP.

A SIPP is definitely not appropriate for everyone that has a pension fund. In order that you make the right decision with your pension options, or to find out more about a SIPP contact us today.

THE VALUE OF A SIPP IS NOT GUARANTEED AND CAN GO UP AND DOWN DEPENDING ON INVESTMENT PERFORMANCE. YOU COULD GET BACK LESS THAN YOU'VE PAID IN

Partners: Kenneth Harrington & Katherine Harrington
Harrington & Horne Financial Services are Independent Financial Advisers which are directly authorised and regulated by the Financial Services Authority
Head Office: 31 Southdown Avenue, London W7 2AG