Self-Invested Personal Pensions (SIPPs)

SIPPs (self-invested personal pensions) are personal pension wrappers that offer more freedom of choice than conventional personal pensions.

How are SIPPs Different? 

Unlike personal pensions, SIPPs allow you to take more control of your future by choosing your own investments or appointing an investment manager to look after your portfolio on your behalf.

A full SIPP can accommodate a wide range of investments under its umbrella, including shares, bonds, cash, commercial property, hedge funds and private equity. However, because you have a wider range of choice, a SIPP often incurs higher charges.

Your SIPP Contributions

Under new rules that came into force in April 2006, investors have much more freedom to invest money in a SIPP. 

You can make contributions up to 100% of earnings, with full tax relief on the total, subject to a maximum earnings limit of £255,000 (in 2010/11). However, with effect from April 2010, new legislation does restrict tax relief for individuals earning over £130,000.

Drawing Your Pension Benefits

There are various ways of taking an income from your pension and the complexities surrounding the pros and cons of each method highlights the importance of seeking the advice of an Independent Financial Adviser (IFA). Find out more

Self-Invested Personal Pension Advice from Legal & Medical

With our up-to-date knowledge of the market and current pension legislation, Legal & Medical are expertly placed to advise you on your choice when considering a SIPP and to maximise the potential returns.

To find out more about self-invested personal pensions (SIPPs) and whether they are an appropriate pension option for your individual circumstances, contact us today or email This e-mail address is being protected from spambots. You need JavaScript enabled to view it

The tax reliefs referred to throughout this website are those currently applying in the United Kingdom to UK Tax Residents. These tax reliefs are liable to change. The value of any tax relief available will depend upon the individual circumstances of the taxpayer.