rda - pensions


			Self Invested Personal Pension Plans (SIPPs) A SIPP is a self invested personal pension plan; a plan which puts you in control, giving you greater investment flexibility. You can choose where, when and how (subject to Inland Revenue regulations), your money is invested, so you have an opportunity to get involved and take control. If you are eligible for the plan, both you and your employer can invest in a SIPP. Alternatively, if you have accumulated pension benefits in another arrangement, you can often transfer them into a SIPP, although you should take professional advice on whether this is advantageous for you. As a tax-approved pension scheme, the plan attracts valuable tax benefits: Full tax relief on personal contributions (within limits) No tax to pay on contributions by your employer Investments grow free of capital gains tax Your fund is exempt from UK income tax and capital gains tax.
			However, the underlying investments within your fund may be subject to taxation. Since July 1997 pension funds have been unable to recover tax deducted at source on dividends from UK equities. Tax free cash on retirement (normally) On death before drawing benefits, the fund can normally be paid to beneficiaries free of tax. Contact us today

Self Invested Personal Pension Plans (SIPPs)