SIPPs
What is a SIPP?
A SIPP is essentially a “wrapper” for your money. You pay into your SIPP account and build up a fund which you can then invest in any of the share dealing options available. With a Direct Sharedeal SIPP you can invest in the following
- FTSE 100, 250 and FTSE All-Share
- Shares in Investment Trusts
- Exchange Traded Funds also known as Tracker Shares
- Alternative Investment Market stocks (AIM)
- Certain international stocks traded on the London Stock Exchange International Retail Service (IRS) which are quoted and settled in sterling
- Units in Unit Trusts and shares in Open Ended Investment Companies (OEICs)
- Gilts
- Corporate fixed and convertible bonds
- CREST Depositary Interests (CDIs)
- UK convertible and cumulative preference stock
- Warrants in UK shares settled in CREST.
Direct Sharedeal SIPPs
Unlike other personal and company pensions which leave investment decisions to fund managers generally employed by pension providers, a SIPP allows you to be personally responsible for where to invest your money.
Our highly acclaimed Lifetime SIPP is very flexible, includes asset selection and offers the tax benefits that apply to all pensions. It incorporates:
- Tax relief at your highest marginal level up to your entire earnings from trade, profession or employment (subject to an annual limit set at £225,000 for 2007/8 and rising thereafter)
- No UK tax within the fund (except the withholding tax on dividends)
- Tax free cash up to 25% of the entire fund, as a pension commencement lump sum (PCLS) at any time after age 50 (rising to age 55 in 2012).
Get started with a SIPP
Apply today on 0141 270 3200