Self invested pension benefits

Tax efficiency

• All eligible pension contributions qualify for tax relief at your highest marginal rate.
• Tax efficient growth – there is usually no direct income tax or capital gains tax on the pension fund.
• On death before taking benefit usually the whole fund is paid out tax free and outside of the estate for Inheritance tax.
• There is normally the option of taking up to 25% of the fund as at tax free lump sum, once you reach the minimum retirement age (currently 55).

Wide investment choice

The scheme member (or their appointed investment manager) can choose from a wide range of investments.

As a full SIPP we can offer clients options such as:

• Commercial property and Land, Unquoted shares, 3rd party loans
• These allow advisers to aid business and professional clients to integrate pension, tax and business planning.

Can take benefits flexibly:

• As well as buying an annuity a self invested pension usually allows income drawdown.
• Taking benefits can be done in stages.

As Self invested pensions usually have fixed fees they can be very cost effective for large funds (although small funds may be eroded by fixed fees). So individuals with small funds or simple investment requirements are unlikely to need a full SIPP and should take Independent Financial Advice on suitable alternatives.