A Self Invested Personal Pension (SIPP) is a bespoke pension arrangement designed for individuals looking to control their pension fund investments. It offers significant benefits in pension and tax planning, by allowing considerable flexibility in pensions fund investments, and in when and how benefits are taken.
Clients can contribute up to the Annual Allowance in any one tax year and take advantage of any unused relief by way of carry forward, noting, if a client is in receipt of the new flexi-access income streams the Money Purchase Annual Allowance will apply.
Clients can make their own investment decisions and decide how best to access their pension scheme benefits. Our role at Walker Crips Pensions is to help our clients achieve their retirement goals, by working with them and their advisers and offering a dedicated SIPP administration team with a designated single point of contact.
From April 2015, the government has introduced radical new rules which give you the freedom to choose the option that’s right for you when accessing pension scheme benefits at age 55.
If you are a professional adviser or introducer and have any technical queries, or would like to find out about opportunities within pensions, please call Wendy Eastwood on 01904 544312 or email [email protected].
It is important to remember that the value of investments can go down as well as up and it is possible to get back less than you invested, especially in the early years. Past performance is no guarantee of future returns and interest rates and dividends are variable and cannot be guaranteed in the future. Any tax treatment mentioned is based on personal circumstances and current legislation which is subject to change. In the event of a client having a complaint about our services we will do our best to resolve that complaint promptly and to the client's satisfaction. However if we are unable to do so, the client may have the right to complain to the Financial Ombudsman Service. Further information can be found on the Financial Ombudsman Services's Website at www.financial-ombudsman.org.uk.