Many people are understandably distrustful of investing their money in arrangements packaged by institutions. The taxation benefits of investing through pension funds remain however very attractive, and, the relaxed contribution limits together with the removal of some constraints on investments after April 2006 (see Pensions Simplification section) have increased interest in the self-invested personal pension alternative.

A SIPP enables you to be much closer to the action. Rather than give your money to a faceless life office and then, as many people do, largely ignore what is a happening to it, instead within a SIPP your money firstly goes into a bank account and then you decide yourself or with your professional adviser how you would like it to be invested.

We can also help you when the time comes to take benefit, as it is not necessary to secure an annuity until you are 75. Indeed, from April 2006 the compulsion to buy an annuity has disappeared altogether. We can even plan for your SIPP being arranged so that after this April 2006 it will be possible for the fund to move from one generation to the next - but this may be subject to Inheritance Tax.