Pensions

Our expertise extends to all pension arrangements, including personal pensions, the State Pension and schemes established by your current or previous employer.

As well as assisting you with the establishment of a suitable pension plan, we can advise on and manage the investments held within it.   In particular, Self-Invested Personal Pensions (SIPPs) and Small Self-Administered Schemes (SSASs) tend to offer a greater degree of flexibility in terms of drawing the benefits and investment choice, and where a SIPP or SSAS is involved, our Financial Planning service can also be used in conjunction with our Discretionary Investment Management service.

What is a SIPP?

A Self-Invested Personal Pension (SIPP) is a pension plan set up by an individual and it is often considered useful because of the flexibility it can offer:

Investment flexibility – unlike many other types of pension plan, a SIPP can potentially offer access to a greater investment universe, including collective funds such as OEICs, Unit Trusts, Investment Trusts and direct equities.

Drawing benefits – many types of pension plan only enable you to take the tax-free lump sum and purchase an annuity with the remaining funds. In addition, a SIPP normally offers access to ‘Income Drawdown’, which involves leaving the funds invested, but making withdrawals as and when you require. This flexibility can also enhance the arrangement as a tool for passing funds to your loved ones on death.

What is a SSAS?

A Small Self-Administered Scheme (SSAS) offers similar flexibilities to a SIPP, but it is an occupational scheme set up by a company for its directors and employees (as opposed to a plan set up by an individual).

Several individuals can be members, with the funds held as a common pool, which can be convenient and/or cost-effective when specialist investments such as commercial property or unlisted shares are to be held.

Want to know more?  Then just get in touch.

Fill in the form opposite, and we will try to reply to you within two working days.  Or pick up the telephone and speak to us; our number is 0131 220 8888.

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