SIPPs and Trusts

A SIPP* (Self Invested Personal Pension) is a pension scheme that gives the underlying owner the flexibility to manage their own investments. This investment vehicle has become very popular over recent years due to the current tax relief rules. In each tax year you can get tax relief on the contributions paid into your SIPP, subject to the annual allowance limit – which for the 2016/2017 year is £40,000. Up to 45% tax relief can be achieved dependent on the rate of tax you pay.

What are the Advantages of SIPPs

  • Up to 45% tax relief (dependent on rate of tax payable)
  • No UK income tax or capital gains tax
  • Up to 25% tax-free withdrawal from age 55
  • Inheritance tax relief prior to age 75

What are the Disadvantages of SIPPs

  • You cannot draw on a SIPP pension before age 55
  • You need to spend time managing your investments
  • Once you have found a pension administrator to take care of the creation of the SIPP we help create an investment portfolio subject to your requirements.

    *Tax laws are subject to change and depend on individual circumstances. Tax law may differ in a jurisdiction other than the UK

    Trusts

    If you currently have investments within a trust we can offer an advisory service to help you meet your investment goals and objectives within the legal entity set-up.

    A dedicated advisor will discuss your requirements, and put together a bespoke investment concept that will be designed to meet your needs.