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What Is A Sipp ( Self Investment Personal Pension)?
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What is A Sipp ( Self Investment Personal Pension)?

We hear the word SIPP being thrown around quite a lot nowadays when your talk about private pensions, however what does it mean and how can transferring your current, dormant or frozen pension into a SIPP benefit you. A SIPP or a Self Investment Personal Pension will specifically do what it says on the tin, it permits you to take full control of your pension funds and invest them yourself into something that is SIPP or HMRC approved giving better returns and more security.

SIPP approved investments comply with current UK pension legislation, and investments within the Fund ultimately provide for your retirement.

So when looking into secure investments search for a SIPP approved investment as this means you'll be able to invest your pension funds instead of cash you've got in your bank account, why let a frozen or dormant pension simply sit there earning minimal or even no interest when you can get maximum returns from smart investing.

A SIPP is designed to be completely flexible so it can accommodate almost any type of investment - giving you the ability to select your own pension investments to suit your individual requirements and attitude to investment risk. This also allows you to take into account changes in your own individual circumstances, such as employment patterns and your lifestyle.

So what type of investments are SIPP approved

To be honest the list is endless, a fully fledged HMRC approved SIPP can accommodate a wide range of investments under its umbrella, including shares, bonds, commodities , commercial property, land, hedge funds, private equity and even self storage investments, if an investment is secure, ethical and offers good returns then the HMRC will usually give it SIPP approval.

So to summarise a Self Investment Personal Pension provides a flexible pension option with the widest range of fund and investment choices.

How do I transfer my pensions funds into a SIPP?

Firstly you need to find yourself an investment company who is offering SIPP approved investments that you find interesting and offer security, a good investment company will give you full control over where your funds are invested, should offer you initial free advice followed by a complete and comprehensive pension transfer service should you wish to use them which will include a full assessment of your pension and the best investment for the size of your funds, some investments are suitable for small pension funds whilst some are only suitable for larger pensions funds.

1000's of people each year in the are transferring their pension fund over to a SIPP approved investment, don't get left behind.


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