People with SIPPs

Do you know your SIPP from your SSAS?

A Self-Invested Personal Pension (SIPP) is a type of pension which allows you to make your own investment decisions, rather than a pension provider. Often, our clients choose a SIPP to buy commercial property. Sometimes, it makes sense for them to hold their pension fund in deposit accounts, rather than invest it in the markets, and a SIPP enables them to do that.

A Small Self-Administered Scheme (SSAS) applies more to business owners. It’s an occupational pension scheme set up by the directors of a business so that they can control the investment decisions relating to their pensions. Often, they want to use their pension to invest in their business, for example, to buy their business premises.

What’s important to you?

We can help you to decide:

  • The best way to invest in property to provide an income in retirement
  • Whether your pension can be used to invest in your business
  • If it would be appropriate for you to move some of your wealth from investments into cash

How we can help

Each type of pension is regulated differently and the costs of each can vary. What may be suitable for you now may not be in the future. And whilst these pensions give you more control over your investments, it’s still important that you seek guidance on what’s most appropriate for your needs.

Our specialist experts can advise you on whether a SIPP or SSAS will help you to achieve your financial goals. If we all agree that it’s the right approach for you, we’ll then help you to set up and administer your SIPP or SSAS.

SSASs are not regulated by the Financial Conduct Authority.

A pension is a long-term investment not normally accessible until 55. The value of your investment (and any income from them) can go down as well as up which would have an impact on the level of pension benefits available.

Are you ready?

If you’re ready to start planning for your retirement, contact us today for a free, no-obligation meeting.

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