With more and more pensions underperforming, people have been turning to SIPPs to ensure they have sufficient funds for their retirement.
In 2011, we found that over 70% of our clients were dissatisfied with their pension funds. At Grosvenor Park Intelligent Investments, we helped these clients transfer their underperforming pensions into SIPPs by investing in our alternative investment portfolio.
SIPPs
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.
With a SIPP you can invest in:
• Commercial Property
• Hotel Rooms
• Gold & Art
• Unit Trusts
• Land UK & Overseas
• Investment Trusts
• Bonds
• US & European Shares
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.
What Next?
For further information on SIPPs or to receive your FREE pension review, contact us today.
Tel. +44 (0)1323 64 70 70
Email. enquiries@gpi-invest.com
Head Office: 43 Gildredge Road,
Eastbourne, BN21 4RY. UK
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