For those reviewing their pensions - particularly business owners and senior managers - it may be appropriate to consider Self Invested Pension Plans (SIPPs) these are personal pension schemes which allow members to take investment decisions and are not controlled by an institution such as an insurance company.
Within a SIPP, members are restricted in types of investments that can be made. Potential investments are:
For business owners in particular, there can be many benefits to arranging a SIPP, including tax mitigation. However, it is important to get the right advice to suit your particular circumstances. We have an in-house team experienced in all aspects of setting up SIPPs and managing the investment portfolio.