A Self Invested Personal Pension (SIPP) is a Registered Pension scheme under the terms of the Finance Act 2004.
SIPPs are designed for investors who want maximum control over their pension without being dependent on any one fund manager or insurance company. As such, a SIPP requires active management and a degree of investment expertise. Furthermore, the charges (levied by the SIPP manager) may be higher than for a personal pension or stakeholder plan.
Unlike a standard personal pension, a SIPP holder has a much wider choice of assets to invest in, each of which can be selected to meet the individual's personal circumstances and requirements.
Investments which can be held in a SIPP include:
UK and overseas equities
Unlisted shares
OEICs and unit trusts
Investment trusts
Property and land (but not most residential property) insurance bonds
It’s possible to use a SIPP to raise a mortgage to fund the purchase of commercial property, where the rental income paid into the SIPP either completely, or partially, covers the mortgage repayments and/or the property’s running costs.
Please note SIPPs are not suitable for everyone investing into a pension, we will conduct an assessment of your situation to determine suitability.
The value of pensions and the income they produce can fall as well as rise. You may get back less than you invested.
Tax treatment varies according to individual circumstances and is subject to change.
What is a SIPP?
A Self Invested Personal Pension (SIPP) is a Registered Pension scheme under the terms of the Finance Act 2004.
SIPPs are designed for investors who want maximum control over their pension without being dependent on any one fund manager or insurance company. As such, a SIPP requires active management and a degree of investment expertise. Furthermore, the charges (levied by the SIPP manager) may be higher than for a personal pension or stakeholder plan.
Unlike a standard personal pension, a SIPP holder has a much wider choice of assets to invest in, each of which can be selected to meet the individual's personal circumstances and requirements.
Investments which can be held in a SIPP include:
UK and overseas equities
Unlisted shares
OEICs and unit trusts
Investment trusts
Property and land (but not most residential property) insurance bonds
It’s possible to use a SIPP to raise a mortgage to fund the purchase of commercial property, where the rental income paid into the SIPP either completely, or partially, covers the mortgage repayments and/or the property’s running costs.
Please note SIPPs are not suitable for everyone investing into a pension, we will conduct an assessment of your situation to determine suitability.
The value of pensions and the income they produce can fall as well as rise. You may get back less than you invested.
Tax treatment varies according to individual circumstances and is subject to change.
MBFS Financial Limited is registered as a Limited company in Northern Ireland No: NI659600. Registered address: 7 The Brambles, Magherafelt, BT45 5RY.
MBFS Mortgages & Financial Planning is a trading style of MBFS Financial Limited which is an appointed representative of Quilter Financial Services Limited and Quilter Mortgage Planning Limited, which are authorised and regulated by the Financial Conduct Authority. Quilter Financial Services Limited and Quilter Mortgage Planning Limited are entered on the FCA register (https://register.fca.org.uk )under reference 440703 and 440718.
The guidance and/or information contained within this website is subject to the UK regulatory regime and is thereforetargeted at consumers based in the UK.
