Take control over what is rightfully yours by investing in SIPP
Consolidate your UK pensions
into one tax efficient, flexible, cost effective SIPP (Self Invested Personal Pension)
What is a SIPP?
A Self Invested Pension Plan (SIPP) is a pension plan that allows individuals to make their own investment decisions. They work similarly to personal pension plans, but with more flexibility, which gives investors more control to choose and manage their accounts — stocks and shares, investment trusts, insurance funds, commercial property, ground rents, open-ended investment companies, and more.Â
They are also tremendously tax-efficient and employers and spouses can contribute. Â
GET A FREE CONSULTATION!
GET A FREE CONSULTATION!
- Obtain CETV (Cash Equivalent Transfer Value) of your existing pensions (our advisors can help you with this even if you do not have policy numbers or even know where the pension is held)
- Complete an application to open a SIPP with a regulated trustee
- Trustee opens an account on preferred terms with an Offshore Investment Platform or Portfolio Bond; depending on your circumstances your advisor will suggest the best solution
- Transfer cash to new account
- Discuss with your advisor an investment strategy based on factors such as risk appetite, investment time horizon, income needs and tax planning.
- Select underlying investments through a low cost open architecture platform (equities, bonds, funds, ETF’s)
Investment Selection
Whatever your risk tolerance & interests, your advisor will help you select the investments for your portfolio. Some examples include:
Craig McAvinue
Patrik Shore
Hunter Deems
Frequently Asked Questions
For example, if you contribute an investment of £2000, the government would provide 20%, £400 as tax relief. Taxpayers in higher-income brackets can claim higher tax relief as a percentage of their income, up to 45%. Making consistent contributions to a SIPP is a great way to safely and efficiently plan for your future.
Extracting funds early will result in taxes at the pension holder’s marginal rate. Luckily, the first 25% of the money withdrawn from a SIPP can be removed tax-free. After that, any extracted money will be subject to taxation.
With our SIPP option, you can invest in as little as $250 per month with term lengths ranging from between 5 and 20 years with low fees, making Tenzing one of the best SIPP firms on the market.
Through Tenzing, you’ll have the flexibility to adjust your contributions, withdraw, or pause payments at any time. Contact an advisor and discover first hand why Tenzing is the best option for investing in your future with a SIPP.
So, should you transfer your final pension to a SIPP?
This decision is conclusively up to you. Consider investment goals, savings horizon, and both current and future financial obligations before committing. However, with the right investments, opting for a final pension transfer can without a doubt work to your advantage and put you on track for the future you desire.
Through a SIPP’s tax relief, if you contribute £800 incrementally, the government would essentially top it up to £1000. Income earners that pay higher or additional tax rates will be topped up by the government and able to claim back more on their self-assessed tax returns.
The total tax relief will depend on your personal income.
The fate of your pension and investments will ultimately be up to you. When opening a SIPP you will be given an option to name beneficiaries to receive the value of your pension in the case of your passing. This can be spread across several beneficiaries as a lump sum or paid out through installments to provide the beneficiary with financial security over a long period of time. Inheritors who collect a pension from an account holder age 75 or younger will not be subjected to additional taxes, whereas marginal tax rates will be paid by the beneficiary if the account holder was over the age of 75 at the time of their death.
Speak with an advisor
Your future self will thank you
- Savings needs analysis
- See savings illustrations from multiple providers
- Learn about the funds
- Ask questions
From initial consultation, we’re here to answer your questions transparently, including all the key features and things to look out for.Â
Or simply call us to get started
Call: +84 028 3821 5367
We’ve achieved many national awards for our success.
Jorder Business Award 2020
Top Leading Global Trade
Family Business Award
Best Business Award 2020
Sales Excellence Award
Our latest release on saving plans.
Our products are designed for small to medium size companies willing to optimize their performance.