The wide range of investment options available will allow many individuals to consolidate their investments and pensions portfolio and “wrap them up” within a SIPP taking advantage of the tax relief available.
SIPPs will also be attractive for high earners receiving part of their remuneration via a bonus. Extra cash received in the form of bonuses could be redirected into a SIPP again taking advantage of the tax relief available within the pension plan. Also firms paying bonuses into a SIPP may wish to consider the advantages relating to National Insurance contributions.
For more information about SIPPs, please click one of the links to the left or alternatively, click here to Contact Us with any queries