Self-invested Personal Pensions (Sipps) are a 'do-it-yourself' form of pension that allows individuals to invest tax-free into their own personal pension pot.

Sipps enable you to take direct control of your pension. They have been available since 1989 but the rules about what you can invest in them have changed several times since then.

Sipps' tax-free status makes them tempting for higher rate taxpayers who receive discounts of 40% (compared with 20% for ordinary rate tax payers).

Buying a property through a Sipp will save a higher rate taxpayer £51,000 in tax breaks for every £100,000 they spend.

However, Burgess & Lee recommends great caution before proceeding - Sipps are not suitable for large numbers of people.

For expert independent financial advice on Sipps, phone 01202 312288 or email us

Download more information on Sipps from the Financial Services Authority


	Burgess & Lee Ltd, 4 Stratfield Saye, 20-22 Wellington Road, Bournemouth. BH8 8JN Tel: 01202 312288