The Features of SIPP
FOR INDIVIDUALS

• Most profits, interest or gains made by assets in the SIPP are exempt from tax.
• There is no minimum contribution, and no need to maintain a specific level of contribution.
• You can manage your onw investments, and the risk you wish to take with them
  You may wish to take professional advice regarding this.
• You may choose to invest part or all of the fund in Commercial Property.
• If did, on resale the property would be free from Capital Gains Tax.
• In the event of your death, the full value of the fund may be passed to your dependants outside your Estate possibly avoiding Inheritance Tax.
• You may take pension benefits at any age between 55 and 75 without the need to retire.
• You may choose to use part or all of the Fund to purchase an annuity.
• You may choose to have your pension benefits paid to you direct from the Fund and defer or avoid buying an annuity.
• You may choose to have your pension benefits paid in instalments (‘phased’).
• In the event of your death while taking benefits, the residual Fund could be passed to your spouse or dependents subject to a tax charge and/or a spouse/dependent pension could be paid