SIPPs: Providers split on whether investment choice should be restricted

Providers split on whether investment choice should be restrictedSelf-Invested Personal Pensions (SIPPs) are popular with investors mainly because of the investment flexibility they offer, compared to other forms of pension. However, regulators have warned that some investors, as well as unscrupulous advisers and salespeople, are taking advantage of this flexibility by taking out or selling investments, which may not meet HMRC rules and could therefore lead to unforeseen tax charges. One possible solution, to the problem of assessing whether an investment meets HMRC rules, and therefore avoid a tax penalty, would be ...

Guest Blog: CAPTCHA Property in a SIPP or SSAS

Barnett WaddinghamIn his latest guest blog for Investment Sense, Andy Leggett of Barnett Waddingham, takes a sideways look at investing in property via a self-invested pension. Whether you recognise the term or not, you are familiar with CAPTCHA: when you have to read some mangled letters on a web page and enter them as part of a form, you are completing a Completely Automated Public Turing-test to tell Computers and Humans Apart. What I recently learned was that the initial prototype used images ...

Guest blog: Re-building initiative in SIPPs

Re-building initiative in SIPPs by Andy Leggett aka SIPP HoundWe’ve now had time to consider the full ramifications of most of the changes in George Osborne’s fourth Budget, although one proposal, which didn’t make it into the final speech, is set to cause much debate for months to come. The proposal in question? Allowing Self-invested pensions to invest, albeit in a limited way, in residential property. Writing under his nom de plume, SIPP Hound, we ...

Income Drawdown: 120% more flexible, 100% easier

Barnett WaddinghamIn his second guest blog of the week, Andy Leggett of Barnett Waddingham looks at the imminent changes to Income Drawdown and highlights the risk of immediately increasing your income: Income Drawdown is a fantastic product for some. One of its central features - being able to vary the level of income you take from your SIPP (Self-Invested Personal Pension) - gives fantastic flexibility. We all like flexibility: it gives us more options and a sense of ...