SIPPS & Commercial Investment Mortgages?>
An estimated one million people have a SIPP (Self Invested Personal Pension) and there is no sign of demand slowing. The most obvious reason for their popularity is in the name: ‘self-invested’. They give investors access to a huge range of investments so they can run their pension themselves.
We are seeing a high demand for commercial investment mortgages and so have linked here a straightforward, easy-to-read guide from Hargreaves Lansdown that gives a rundown on SIPPs.
This guide reveals what SIPPs are and how they work plus:
- How to get started with a SIPP
- Contribution limits – how much can you put in?
- How to improve existing pensions in a few simple steps
- The tax rules; what they are and how they work
- What the risks are
This guide is not personal advice. SIPPs are for people comfortable making their own investment decisions. The value of investments can go down as well as up and you could get back less than you invested. Tax reliefs will depend on your personal circumstances and the pension and tax rules are subject to change by the government. Once funds are held in a pension they are not usually accessible before age 55 (rising to 57 from 2028).