Beaufort Securities’ Guide to SIPPs
What is a SIPP?
SIPP stands for Self-invested Personal Pension. A SIPP is a type of personal pension and is designed to provide an income in later life. You make contributions into SIPPs and receive tax relief in the same way as other pensions. The key difference is that you get much greater control over saving for retirement because a SIPP gives you more freedom to choose how to invest your retirement savings and manage them over time. Click here to read our SIPP FAQsin full.
Is a SIPP right for me?
SIPPs can be the ideal pension choice for those who want to take control of their investments in order to build a future income. You don’t need a huge pension fund to benefit from a SIPP. While SIPPs suit those keen to manage their own money, the Beaufort SIPP also gives you full access to your very own dedicated broker, on hand to offer you investment advice on your activity within your SIPP.
SIPPs are not suitable for everyone. If you don’t want to invest across different asset classes or don’t think you will make use of the investment choices that SIPPs give you then a SIPP might not be right for you. If you are unsure whether the Beaufort SIPP is the right pension product for you, you should seek advice from an independent financial practitioner.
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