Self Invested Personal Pensions (SIPPs)

This is a type of personal pension and therefore comes under the personal pension rules. However, instead of investing funds with a pension provider, you can make your own investment choices. SIPPs tend, therefore, to offer a wider choice of investments (including shares, corporate bonds, mutual funds, insurance company funds and commercial property) and is a more bespoke product.

The costs are likely to be higher than a standard personal pension and therefore it is important that not only are there sufficient funds to offer the ability to properly diversify investments, but that funds are sufficient to give suitable economies of scale also.

For this reason we would normally recommend that there was at least £50,000 available to invest. These funds can come from contributions or transfers from other pensions.