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Marco's Blog

Investment Performance

Are you looking for an Independent Financial Advisor in London who can give you impartial SIPP advice? Do you wish to find the SIPP which is right for you? How do recent tax changes affect your retirement planning?

The charging structure for SIPPS and the availability of investments varies massively between providers. Many SIPPs will charge a flat annual fee so they are not usually appropriate for very small pension funds.

Independent Financial Advice in this area can really add value. For SIPP advice, you can contact us for a free consultation at our central London offices.

Consultation

    Medway Independent Financial Advisor

SIPPs

The main attraction of SIPPs, as with all pensions in the UK , is the income tax relief. This is a massive help towards building your retirement planning. If you are a high rate tax payer, the initial return on investment is huge. Within a SIPP, investments grow free of Capital Gains Tax which is another large tax benefit.

SIPPs must be arranged for the sole purpose of providing for retirement of the member. Tax rules require 75% of the pension fund must be used either to purchase an annuity or to provide income withdrawals.

A tax free lump sum (normally 25%) can also be taken from a SIPP, usually when benefits are taken. In common with personal pensions, retirement can (ordinarily) occur between age 50 and 75 (Increasing to 55 in 2010/11).

 The range of assets available for SIPP investors include:

 •  Stocks and shares listed on a recognised exchange

 •  Futures and options traded on recognised futures exchange

 •  Authorised UK Unit Trusts,OEICs * and other UCITS ** funds

 •  Unauthorised unit trusts that don't invest in residential property

 •  Investment trusts subject to FSA regulation

 •  Unitised insurance funds from EU insurers

 •  Deposits and deposit interests

 •  Commercial property (including borrowing to fund the purchase)

 •  Traded Endowments Policies

 •  Gold bullion

•  Commodity Investments

*OEICs: Open Ended Investment Companies
**Undertakings for the Collective Investment of Transferrable Securities

An appropriately qualified Independent Financial Advisor can provide ongoing advice for the investments held within a SIPP. These policies can work very well for those individuals who wish to have a very wide choice of investments. They are typically not appropriate for investors who wish to have a simplistic or low cost pension.

 

 

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