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The Pension Drawdown Company specialises
in providing advice on all aspects of pension
drawdown and investments

 
 
01 August 2010

How Safe Is Your Pension

Defined Benefit, or Final Salary Schemes, in the UK have a collective deficit of £253 billion as at the end of March. This is reported by the government sp…

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Independent Financial Adviser Logo The Personal Finance Society

Self Invested Personal Pensions (SIPPs)

It is possible to set up an Income Drawdown or Alternatively Secured Income plan as a Self Invested Pension Plan (SIPP).

A Self Invested Personal Pension (SIPP) Income Drawdown and ASP are similar in many ways to a normal Income Drawdown Plan.  They come under the same basic rules as far as tax-free cash and income are concerned.  The difference arises out of what the investments underlying the arrangement can consist of. 

In addition to the investments that a conventional Income Drawdown plan can use a SIPP can directly hold commercial property and stocks and shares quoted on a recognised stock exchange.  Most SIPPs allow you to select from a range of assets, such as:

  • Particular stocks and shares quoted on a recognised UK or overseas stock exchange
  • Government securities
  • Unit trusts
  • Investment trusts
  • Insurance company funds
  • Traded endowment policies
  • Deposit accounts with banks and building societies
  • National Savings products
  • Commercial property (such as offices, shops or factory premises).

This list is not exhaustive and different SIPP operators will offer different ranges of investment choices.

A SIPP Income Drawdown can be transferred to another SIPP or to a conventional Income Drawdown Plan or an Annuity at any time. 

It is now some 19 months since I invested my pension funds with The Pension Drawdown Company and I can confirm that I am very pleased with the ... click here for more

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