We have access to the whole market of pension products and options to help you find the most appropriate solution for your needs. If you would like a comprehensive introduction to the types of planning available, one of our team will be happy to give you more information.
Self-Invested Personal Pension (SIPP)
One of the benefits of a SIPP is the wide range of investments it provides access to, including funds, shares, gilts, ETFs and investment trusts. Some can even allow access to investments like commercial and foreign property. Investors can manage their portfolio, set up and monitor their investments specifically in line with their own needs and then switch between investments and asset classes easily as their situation changes.
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 world of investment opportunities, which could enhance some investors' potential for a comfortable retirement.
Small Self-Administered Scheme (SSAS)
This is a company scheme where the members are usually all company directors or key staff. It is set up by a trust deed and allows members/employers, greater flexibility and control over the scheme's assets. Contributions paid to a SSAS are subject to the same rules as other registered pension schemes. There is no limit on the level of member contributions but tax relief is restricted to the higher of £3,600 or 100% of UK earnings. Contributions made by the employer are also unlimited. The annual allowance will apply to all contributions.
The trustees of a SSAS can invest in a broad range of investments, including:
- Commercial property and land
- UK quoted shares, stocks, gilts and debentures
- Stocks and shares quoted on a recognised overseas stock exchange
- Futures and options quoted on a recognised stock exchange
- OEICs, unit and investment trusts
- Hedge funds
- Insurance company funds
- Bank and building society deposits
- Gold bullion.
For more information about our services or to speak to one of our consultants, simply complete our enquiry form, send us an email or call our Cambridge office on 01223 720209 or our Norwich office on 01603 692733.