Personal Pensions Pension planning is one of the most important areas that everyone should consider. The pension benefits you will receive when you retire will depend on how much money you save and how well it performs as an investment. It is therefore essential that you review your pension provision on a regular basis.

Self Invested Pension Plans - SIPPs A SIPP is a Personal Pension that allows you to manage your own investments which can include shares, bonds, mutual funds, commercial property and government stocks. A SIPP allows you to personalize your investments. Choosing the right provider is paramount, as not all providers allow you total flexibility of your investments. A SIPP introduces additional choice and flexibility at retirement.

With effect from 1st October 2008, a change in legislation will permit any Protected Rights Benefits to be transferred into your SIPP contract, which brings the additional benefits to these funds as described above.

Small Self Administered Schemes (SSAS) A SSAS is a company scheme where the members are usually all company directors or key staff. A SSAS is set up by a trust deed and rules and allows members / employers, greater flexibility and control over the scheme’s assets. Contributions paid to a SSAS are subject to the same rules as other registered pension schemes.

IMPORTANT:- The illustration that you will receive when you effect a personal pension, is only a projection of the benefits that you might receive at retirement. These amounts are not guaranteed and will depend upon the performance of the chosen funds, the amount of contributions paid in, and the actual date of your retirement, as well as external influences such as inflation rates. The price of units can fall as well as rise, and past performance of funds should not be relied upon for future returns.