SIPP (Self Invested Personal Pension)
SIPP Benefits
- Your own personal retirement strategy.
- An ideal shelter for bonuses and lump sums.
- Full range of investment options; UK & international equities, bonds & gilts, investment trusts, unit trusts, OEICs, REITS and Exchange Traded Funds.
- Easy access to your plan online or by phone.
- Access to normal trading facilities and extensive company research.
SIPP - Investment options with TD Waterhouse
A SIPP from TD Waterhouse lets you choose from a wide range of investment types:
- Cash deposits.
- UK equities (including AIM).
- International equities.
- Bonds & gilts.
- Investment trusts, unit trusts & OEICs and Exchange Traded Funds.
- REITs.
- Warrants, Covered Warrants & Turbos.
Plan for Retirement
Everyone needs to plan for their retirement. As people are living longer and healthier lives it is important to think about how to save for retirement. A pension is one of the most effective ways to save because you get tax relief from the money you save in a pension at your highest personal rate.
What is a SIPP (Self Invested Personal Pension)?
A SIPP is a pension that gives you greater flexibility and control over your savings and where they are invested. It is your personal tax efficient wrapper enclosing investments chosen by you to meet your own needs.
The range of permitted investments options gives you the flexibility to vary the structure, diversification and risk profile of your portfolio to suit your circumstances.
Who is SIPP for?
SIPPs can be held and contributed to by every UK resident under the age of 77.
SIPPs are ideal if you are comfortable making your own investment decisions wanting a tax efficient way to save for your retirement. The tax effiency of this product is subject to your individual circumstances and may be subject to change.
Risks
If you have any doubts about the suitability of a SIPP or you need further advice, you should seek advice from a suitably qualified financial advisor. The value of investments held in a SIPP can fall as well as rise and are not guaranteed. You may get less back than the amount invested which may effect the value of the income you receive in retirement.
Please note that tax benefits mentioned are subject to change in the future.
SIPP Contributions
SIPP contributions can be:
- One off and/or regular.
- Made by you and/or your employer (providing the combined total is within the maximum allowance).
You can often transfer benefits from other pensions into your SIPP, so consolidating your investments into one plan. You should take professional advice on whether this is suitable for you (advice is mandatory if you are considering transferring a final salary scheme).
