MM No. 46 - Self Invested Personal Pensions SIPPs

SIPPRetirementPlanning

What's wrong with SIPPs?
From the website www.webchats.tv Self-invested Personal Pensions have captured the imagination of advisers and consumers and sales have grown rapidly Originally sold as a high end solution for higher rate payers a research report from Mintel argues that the next phase of SIPPs growth is likely to result in demand for SIPPs from mass affluent consumers. Many IFAs have adopted SIPPs as one of the most useful tools in retirement provision. However, while the costs of investing in SIPPs have fallen in recent years, advisers may still be concerned that SIPPs may not be suitable for recommendation to less affluent clients. In this live WebTV show, brought to you by Legal and General, our independent pension expert John Greenwood and Head of Pension Development, Anne Dunlop from Legal & General will answer any and all questions about Individual SIPPs. Greenwood has been frequently voted Pensions Writer of the Year by the ABI and Headline Money, and is the author of the FT Guide to Pensions and Wealth in Retirement. Dunlop joined Legal & General in 1987 and has worked in sales and product development in both the Individual and Corporate Pensions market. John Greenwood and Anne Dunlop will also examine whether the evidence from Mintel carries any weight and challenges the reasons why advisers may be reluctant to recommend SIPPs to mass affluent clients. Log in to submit your questions live, or alternatively click here to submit them ahead of the show. John Greenwood and Anne <b>...</b>

How to start your first sipp

Pension Schemes: A Basic Guide
With people living longer, and a growing percentage of the population looking to retire earlier to enjoy the fruits of their labour, it is important to understand how to fund this increased requirement in income As the pension plan remains the most popular financing method of retirement funding, we take a look at the different types of pension schemes available

The Attractions of a Self-invested Pension
One of the reasons for searching out the services of an independent financial adviser is that pension matters are awash with esoteric terms, labels and descriptions The self-invested pension - or Self-invested Personal Pension (Sipp) as you'll often see it called - is a good case in point

SIPP Investors taking control of their pensions
One of the main reasons for an investor choosing a self invested personal pension (Sipp) is because they can actively manage how their pension is invested.

Extracting company profits to invest in property, using your pension
This month's wealth article explores how profitable business owners can benefit, due to concessions in the finance act of 2004. Once your business is on track and delivering profits, the most important consideration is how to maximise you and your family's future income for you from these profits. This article looks at a topic that has grabbed much media attention recently - using your profits to invest in a company pension, which uses property as the investment vehicle. A Pension Mortgage is one of the most tax efficient methods of repaying a loan on an investment property.

Go it Alone With a Self-Invested Personal Pension (SIPP)
If you find it unnecessarily restricting to be tied in to a pension company's choice of investments, you might find the flexibility and freedom of a Self-Invested Personal Pension (a SIPP, as it's usually known) attractive The term is entirely self-explanatory in so far as you remain completely at the helm of every investment decision for your pension fund and still enjoy the income tax relief that is granted to all pension plans - that is to say, any money you are investing is invested before the deduction of tax, so that if you would otherwise have paid the basic rate of 20% tax, every ?100 investment is effectively made for ?80