For individuals that want to manage their own pension fund assets, a Self Invested Personal Pension scheme (SIPPs) will allow this option. SIPPs operate on a similar basis to insured Personal Pensions with access to collective funds, except that the Inland Revenue also allows direct investment in UK and overseas quoted securities as well as commercial property or private managed funds. You are also able to invest in alternative investments as long as they have been passed as HMRC accredited investments.

Unlike Small Self Administered Schemes (SSAS), which is a defined benefit regime, the defined contribution regime of a SIPP restricts the contributions made to that of a Personal Pension with no facility to make loans to members. Most SIPPs will start with a significant transfer from an existing Occupational Pension Scheme or Personal Pension Plan. The main advantage of a SIPP to some individual investors or partnerships is the ability to purchase their own commercial property that will then be let back to the individual or partnership.

If you have taken the time to read through the whole of the information on our site re pensions, we can imagine that may have some questions. So let us help and show you the way forward with your retirement planning.

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