SIPP pensions can form an essential part of your financial planning strategy.
It goes without saying that you want your pension to work as hard as possible for your financial future. A SIPP (self-invested personal pension) is a type of pension that gives you freedom and flexibility when saving for your retirement.
What is a SIPP?
A SIPP is a type of personal pension plan. Like other types of pension, it’s used to build a retirement fund for your future. A SIPP can have just one member, but we can also set up a Group SIPP for you, whereby family members or business partners pool their funds together.
What are the main benefits of a SIPP?
- Access a wide range of investments
- Draw from your pension in a flexible manner
- Receive tax relief on company and personal contributions
In addition to these advantages, a SIPP allows you to:
- Purchase non-residential property and land
- Borrow within the pension providing additional liquidity for investment purposes
- Invest into private companies and other investments not accessible through other types of pension vehicles
Get more freedom on your investments
One of the biggest benefits of a SIPP is the flexibility it provides over your investment choices. Whether you work with a financial adviser or go it alone, ultimately the investment choices are made by you. You can be more active in your investment selections. However, this doesn’t necessarily mean you have to manage all of the investments yourself. You still have the option to instruct a professional to do it for you, either on all or part of your fund.
What can you expect from Prydis?
We draw on the expertise of our integrated team of financial experts to help you manage your SIPP effectively and efficiently. We can assist you with establishing the right structure, transferring your other pensions (including defined benefit or final salary schemes) and executing any investment transactions once everything is in place.
Our clients can also monitor their investments via our secure online portal. And thanks to our prestigious Chartered Financial Planners designation – the gold standard for financial planning firms – you can be confident that we are offering the highest quality of advice.
Combine that with our unique integrated approach which brings together in-house wealth, accountancy, commercial finance and legal expertise and you can expect advice that’s based on a holistic understanding of your specific challenges, goals and ambitions.