If you like the idea of flexibility and freedom, a self-directed pension scheme - like SIPPs - could be right for you.
SIPPs (it stands for a Self-Invested Personal Pension) have become increasingly popular in recent years, with a report in 2010 by Pensions Management estimating that £75 billion was invested in more than 600,000 SIPP accounts. Every UK resident under 75 can contribute to a SIPP. You can even open one for a child without affecting your personal tax status.
This is definitely NOT your traditional pension portfolio. And whilst SIPPS enable you to sit in the driver's seat to a large degree (that's the "Self Invested" part), you can use a discretionary management service or the assistance of an advisor.
If you are interested in taking more control over your pension pot, looking to invest in a wider range of holdings or just want to consolidate your pension investments in one place, perhaps its time you took a look.
Talk to one of our Executives today:
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Running your own investment portfolio can be exciting, daunting - and risky. And like any market based investment, SIPPs can go down in value as well as up. That's why professional assitance is always a good idea.
We at Allenbridge have helped clients run their portfolios of PEP's / ISA's and investment funds for more than 20 years. Our experience can applied to the core investments of your SIPP and our Allenbridge Care Service can keep you on track when it comes to managing your pension.
SIPPs provide a broad tax umbrella. That means: