SIPPs: Are they a savings option for you?

When it comes to saving for retirement, there’s no one-size-fits-all solution. What’s right for one person may be inappropriate for another. So, whilst Workplace Pensions are among the most popular options, a Self-Invested Personal Pension (SIPP) may be better suited to you. It’s an option that’s worth considering as you explore ways to maximise retirement savings in a way that suits your plans. First, what is a SIPP? As the name suggests, it’s a pension that allows you to choose and manage your own investments. You still benefit from many ...

Should you consider a SIPP when saving for retirement?

When it comes to saving for retirement, it can seem like there are endless options to choose between. One you may not have considered is a Self-invested Personal Pension (SIPP). While you typically sign up to a pension through your employer, a SIPP allows you to take more control over your savings as you plan for retirement. It’s essentially a pension wrapper that holds your investments until you’re ready to start withdrawing a retirement income. While a Workplace Pension is also usually invested, where the money is placed will be ...

The tax advantages of holding a commercial property in a SIPP

Investing in commercial property might not be the first thing that springs to mind when you think about your pension. However, with a Self-Invested Personal Pension, or SIPP, you can do just that. Furthermore, investing in commercial property through a SIPP can allow you to benefit from a range of advantages. What is a SIPP? A SIPP is a type of pension which is available to anyone. They are popular among business owners and the self-employed, as they offer a range of advantages and allow the investor to control how the money ...

Six warning signs that mean you should change SIPP provider

Self-Invested Personal Pensions (SIPPs) are mainly used by savers and investors who want more flexibility than is offered by more traditional pension options. We’ve previously written about how to choose the right SIPP. But how do you know, years after you have made that decision, whether your SIPP provider is still right for you? Over the past few years the SIPP market has been through a period of considerable change. New rules, imposed by the regulator, the curse of toxic assets and a series of high profile mergers and acquisitions have all ...