With more and more pensions underperforming, people have been turning to SIPPs to ensure they have sufficient funds for their retirement.
In 2012, we helped 70% of our clients transfer their underperforming pensions into SIPPs by investing in our alternative investment portfolio.
What is a SIPP?
A SIPP (Self Invested Personal Pension) is a personal pension scheme that you have control over and therefore offers a great amount of flexibility. A SIPP allows you to choose from a number of different investments, unlike other personal pension schemes.
A conventional personal pension generally involves the plan holder paying money to an insurance company for investment in an insurance policy. This means the money is invested with relatively little choice or freedom from the plan holder.
Why use a SIPP?
With a SIPP you choose your investment. Then, when you retire you can use these assets, either to provide you with an income or to buy an annuity - a fixed annual payment throughout your retirement. The major advantage of a SIPP is the increased control and flexibility over your investments. Unlike a conventional pension scheme, where you have no control over where you money is invested, a SIPP offers a wide range of investment options.
Investors may make choices about what assets are bought, leased or sold and decide when those assets are acquired or disposed of, subject to the agreement of the SIPP trustees (usually the SIPP provider).
With a SIPP you can invest in:
- Commercial Property (including farmland, forestry and car parks)
- Hotel Rooms
- Gold & Art
- Unit Trusts
- Land UK & Overseas
- Investment Trusts
- US & European Shares
- Classic Cars
- Fine Wine
- Validated Carbon Credits
- Traded Endowments Policies
SIPPs have the same tax advantages as normal pension plans. In simple terms, they allow an investor to benefit from generous tax relief provided from the government on their contributions. This means that a taxpayer will receive a boost on their contribution depending on their tax rate.
At Grosvenor Park Intelligent Investments, we work alongside a number of UK SIPP Trustees and have had SIPP approval for all of the products we distribute.
For further information on SIPPs or to receive your FREE pension review - contact us today.
Grosvenor Park Intelligent Investments does not offer any financial advice and nothing on this website should be regarded or taken as financial advice. Grosvenor Park Intelligent Investments is not regulated by the FSA and as such, is not permitted to offer financial advice about investments, be they regulated or unregulated. We strongly encourage you to consult an FSA registered Independent Financial Adviser (IFA) before committing to any investment.