Tel: 01189469717, Email: ion@assets.ltd.uk, Chiltern Chambers, St Peters Avenue, Caversham, Reading, Berkshire, RG4 7DH
Assets Financial Services
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    • About Us
    • What We Do And How We Work
    • Our Service Principles
    • Contact Us
  • Saving for Retirement
    • Personal Pensions
    • Self Invested Pensions - SIPP and SSAS
    • SIPP Commercial Property Purchase
  • Retirement Choices
    • Annuities
    • Flexible Retirement - Drawdown and Phased Retirement
    • Pension Lifetime Allowance
  • Investment
    • Investment Process
    • Collective Investments
    • VCT and EIS
  • Estate Planning
    • Wills & Power Of Attorney
    • Making The Most Of Allowances
    • Trust Based Schemes
    • Other Strategies - BPR/AIM and Life Assurance
  • Corporate
    • Key Person, Co-shareholder and Relevant Life Cover
    • Pension Arrangements For Businesses
    • Other Employee Benefits
  • Other Services
    • Equity Release
    • Insurance Services
  • Home
    • About Us
    • What We Do And How We Work
    • Our Service Principles
    • Contact Us
  • Saving for Retirement
    • Personal Pensions
    • Self Invested Pensions - SIPP and SSAS
    • SIPP Commercial Property Purchase
  • Retirement Choices
    • Annuities
    • Flexible Retirement - Drawdown and Phased Retirement
    • Pension Lifetime Allowance
  • Investment
    • Investment Process
    • Collective Investments
    • VCT and EIS
  • Estate Planning
    • Wills & Power Of Attorney
    • Making The Most Of Allowances
    • Trust Based Schemes
    • Other Strategies - BPR/AIM and Life Assurance
  • Corporate
    • Key Person, Co-shareholder and Relevant Life Cover
    • Pension Arrangements For Businesses
    • Other Employee Benefits
  • Other Services
    • Equity Release
    • Insurance Services

Self Invested Pensions - SIPP and SSAS

Self Invested Personal Pensions (SIPPs) have experienced huge growth as the public realise that whilst pensions offer unrivalled tax breaks, pension companies have rarely proved to be the best investment managers. A Self Invested Personal Pension (SIPP) or the corporate equivalent, a Small Self Administered Scheme (SSAS) provides a pension 'wrapper' whilst the investor may choose the underlying investments.

Whilst the traditional SIPP market for those holding shares and commercial property still persists the biggest growth has been from investors who have built up pension funds and are now seeking greater control and choice over their investments.

The leading SIPPs will also offer Drawdown and Phased Retirement facilities to give total flexibility in both investment and retirement options.

What Is A Self Invested Personal Pension (SIPP)?

A SIPP shares all of the tax reliefs and features of a  personal pension but whereas a standard personal pension will invest in  pension funds, the SIPP may hold assets selected by the investor.

What assets can a SIPP invest in?

The list of approved investments include:
•Conventional insured pension funds.
•Stocks and shares (eg equities, gilts, debentures etc) quoted on the UK Stock Exchange  and  unlisted securities.
•Overseas stocks and shares both listed and unlisted.
•Unit trusts, OEICs and investment trusts.
•Insurance company managed funds and unit-linked funds.
•Deposit accounts.
•Commercial property.
•Intellectual property

What assets are not permissible?

HMRC impose severe tax penalties on a scheme holding prohibited investments so it is not a good idea! These include:
•Loans to members and connected persons.
•Residential property, holiday homes, beach huts, timeshare accommodation.
•Machinery.
•Tangible moveable property including wines, vintage cars, yachts, jewellery, paintings and other pride in possession articles.
•Stamps and autographs.
•Gold bullion and coins.

This list is not exhaustive and an investor should seek advice before making any investment.

How Are Benefits Paid Out?

Benefits can usually be taken at any time after the age of 55 and the Drawdown and Phased Retirement facilities available with conventional pensions are available; please consult the ‘Retirement Choices’ section for more details.

The value of investments can fall as well as rise and you may get back less than the amount invested.

Assets Financial Services is a trading style of Sage Roxborough Ltd,  which is authorised and regulated by the Financial Conduct Authority. Sage Roxborough Limited is entered on the FCA register (https://register.fca.org.uk/) under reference 718005. The information and content of this website is intended for UK consumers only and is subject to the UK regulatory regime. The FCA does not regulate some forms of mortgages and tax planning advice. Registered office 168 Church Road, Hove, BN3 2DL. Registered in England No. 05478319
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