Is a Self-Invested Personal Pension for me?
The Rowanmoor Pensions SIPP is suitable for individuals who want to control their pension fund investments and do not want to make joint investments, either with business associates or family members or take advantage of the pooled investment opportunities offered by a SSAS or Family Pension Trust. Minors may also be members. The investments available via the SIPP are considerable and at retirement, the member has the same benefit options as a SSAS, including scheme pension, which are much wider than most self-invested personal pension plans.
Rowanmoor Pensions is here to help clients achieve their retirement ambitions by working with them and their professional advisers.
To ensure the smooth operation of the SIPP, we will need to be informed of any changes in the member's tax or residency status, when contributions are to be made or existing benefits transferred into or out of the SIPP. We also need to be made aware of any investment decisions, how and when the member decides to receive benefits and any other relevant information necessary to administer the SIPP.
Member's should aim to regularly review their pension fund, to make sure it will meet their requirements when benefits are taken. Some factors that may require consideration include: those affecting the benefits to be taken from the SIPP; changes in tax law; the investment performance of the SIPP assets and the risk factors associated with them, including the member's ability to sell assets; whether the member needs to sustain high levels of income in retirement; and pension regulations, as tax charges and penalties will be imposed if regulations are not complied with.
This information relates to the Rowanmoor Pensions SIPP.