Self Invested Personal Pensions

There has been a lot of fuss in the papers over the past few months about Self Invested Personal Pensions (SIPPs) and the flexibility that they may or may not be able to offer for your pension planning. Following changes to pension rules last year, the flexibility offered by SIPPs means they have become one of the most popular pension products in retirement planning.

How are SIPPs different?
The basic benefit of a SIPP is the wide range of investments it provides access to – including funds, shares, gilts, Exchange Traded Funds and investment trusts. Some can even allow access to more esoteric investments like commercial and foreign property.

This range of options makes it much easier for the retirement investor to manage their portfolio – setting up and monitoring their investments specifically in line with their own needs and then switching between investments and asset classes easily as their situation changes.

Want to find out more?
Despite this flexibility, SIPPs are not necessarily right for everyone. Flexibility is a major consideration but one which needs to be weighed against existing investment products, charges, time to retirement and your attitude to risk. However, in the right circumstances, they can open up a whole world of investment opportunities, which could seriously enhance some investors’ potential for a comfortable retirement.

At WR Financial Management, we have access to the entire market of pension products and options to help you look for the best solution for your needs. If you would like a comprehensive introduction to the types of planning available, call us for more information.

Wraps

Tax assumptions are those currently applicable and are subject to statutory change. The value of the tax advantages will depend on your individual financial circumstances.