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Learn about SIPP stand as Self Invested Personal Pension who carries tax benefits, how it works, what are its advantages and disadvantages. SIPP create opportunity which have its own benefits because you can make own investment decisions.
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SELF INVESTED PERSONAL PENSION Presented by:- Barrington Howe
What is sipp? SIPP is a type of personal pension. It is introduced in 1989. It is a tax efficient way of saving for retirement. It provide much wide flexible investment which include commercial properties. It is type of UK registered Pension Scheme.
How It Work? • SIPP can be set under trust which is registered with HMRC,but make sure that SIPP funds are governed under the UK pension legislation. • After setting, all pension money were transferred into it. The SIPP allow.. • Set up a bank account, to hold and operate your pension; • Commercial property investment.
Advantage…. • Flexible retirement option. • Investment control. • Monthly contribution can be £50 • Tax relief on the contribution.
Disadvantage… • Need to spend time in your investment management. • Administrative cost is expensive. • Receive amount depend upon investment on retirement. .
THANKS FOR WATCHING Its an opportunity to select your own investment and produce higher yields, no capital gain tax. Address:- Suite 163, 2 Lansdowne Row, Berkeley Square, Mayfair, London, W1J6HL United Kingdom Phone:- +44 0203 0268820 Email Id :- Barrington Howe