In today’s blog we are going to be discussing Self Invested Personal Pensions or which are more commonly known as Sipp’s. These are designed to give you greater control over your retirement savings.

What makes a Sipp different to other pensions?

The key difference between a SIPP and your usual personal pension is the flexibility of assets that can be held within the SIPP.

Are Sipp’s Suitable for Everyone?

SIPPs are not suitable for everyone. If you don’t want to invest across different asset classes or don’t think you will make use of the investment choices that SIPPs give you then a SIPP might not be right for you. Self-directed investors should regularly review their SIPP portfolio, or seek professional advice from an independent financial adviser, to ensure that the underlying investments remain in line with their pension objectives. Prevailing tax rates and the availability of tax reliefs are dependent on your individual circumstances and are subject to change.

Can you out property into a Sipp and if so what type of property?

Based on current legislation you can purchase commercial property through your Sipp but you cannot purchase residential property through a Sipp. Many clients that use Sipp’s do so in order to purchase their own business premises.

How much involvement is required in managing a Sipp?

While SIPPs are definitely suited to investors keen to look after their own money, you don’t have to be confident with or interested in investing. You can still benefit from financial planning and investment management services through a financial adviser like ourselves at Howard Wright, so you can usually have as much or as little involvement as you like with your SIPP.

Self-Invested Personal Pensions are described by providers as right for people who want the freedom to choose and manage their own retirement investments. SIPPs are often thought of as pensions specifically for people with a lot of money or investing experience and whilst this might have been true in the past, competition between SIPP providers means costs have generally decreased and some SIPPs are now promoted by providers to be amongst the best value pensions around.

You should investigate costs carefully before choosing, however, and always seek financial advice if you are unsure.

How do I know if a Sipp is right for me and my business, can Howard Wright help me?

How do I know if a Sipp is right for me and my business, can Howard Wright help me?

Our Chartered Advisers will be happy to discuss whether a Sipp is right for you and your business including all aspects of your financial planning requirements the best way to contact me and our Chartered Advisers is to fill in our enquiry form or phone us on 0345 688 4939 we will then able to advise and answer any questions you may have about Sipps your financial planning needs. We look forwards to hearing from you and seeing how we can help.


This article contains information from sources believed to be reliable but no guarantee, warranty, or representation, express or implied, is given as to its accuracy or completeness. Howard Wright Ltd does not undertake any obligation to update or revise any future statements. Past performance is not a reliable indicator of future results. Investments can go down as well as up and actual results could differ materially from those anticipated. This article is for information purposes only and has no regard to the specific investment objectives, financial situation or particular needs of any person as such, the information contained in this article is not intended to constitute, and should not be construed as, investment or financial advice. Appropriate personalised advice should be taken before entering into any transactions. No responsibility can be accepted for any loss arising from action taken or refrained from based on this publication. Howard Wright Ltd is Authorised and regulated by the Financial Conduct Authority.

Sources (Published articles)

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