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Hi I have been reading about these plans a lot lately as I have been interested in them myself, one thing is for sure my pension won't be all it is craked up to be when I/we retire and my husband signed out of his when he was 18!! I took this write up from Owner Invest - I found them when searching the net looking for information about SIPPs.
Self Invested Pension Plans (SIPP) are one of the most tax efficient and flexible methods of saving for your retirement and savers have more control of their financial destiny because the scheme member has the power to decide when and where the assets of their pension fund are invested. The tax advantages of '''SIPPs are very appealing with contributions treated the same as contributions made to personal pensions. Individual contributions automatically receive basic rate tax relief whilst higher rate tax payers can claim additional relief through their tax returns and there is no capital gains tax applicable on growth.''' Although they've been around since 1989, it wasn't until pension regulations were relaxed in April 2006 that they became more accessible and now everything from shares, company bonds, cash and commercial property can be held in a SIPP wrapper. Hotel rooms in the UK and overseas now constitute a suitable tax free SIPP investment - provided there is no possibility of free personal use. Your SIPP can own an individual room or more, or share in several through a syndicated arrangement.
There seems to be a lot of gain to be made here and worth talking to someone who is a professional in these matters.
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∙ 15y ago
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Disadvantages of personal selling?
u need to sell ur self..!
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Yes
Where can one sign up for a self-employed personal loan?
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How do SIPP pensions function?
The acronym "SIPP" stands for "Self-invested personal pension". When using SIPP, individuals can make their own investment decisions by selecting investment options approved by "HM Revenue and Customs".
How does SIPP scheme work in the UK?
Self-Invested Personal Pension, or SIPP, is personal pension plan approved by the UK government. It allows people to control the money going into their pension fund and make their own investment decisions with that money, provided that they perform only the types of investments approved by HM Revenue and Customs (HMRC).
What does Sipps have to do with pensions?
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How much pension are you entitled too you have been both self employed and an employee?
You must contact your pension providers to ascertain this information.
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What are personal qualities needed for an actor?
self confidence and self esteem.
How do you spell mi?
Me. It is a personal pronoun that means self. It is an identifier for one's self.
Looking at both your personal skills and your personal qualities is called?
self-evaluation
What are self descriptive tests?
I think self descriptive tests are a form of self-awareness tests where the purpose behind such is so that to know the personal preferences and personal reactions of the person when faced with such situations.
What is self-competition?
Self-competition is when someone takes on challenges to up their personal goals.
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the personal is for your self and family is a group
What is your own personal gain?
One's own personal gain is known as self-interest.
