Step by Step Guide to SIPPs

1		Your first step will probably be to talk to your Independent Financial Adviser (IFA). If you don’t already have one available we can recommend our in house IFA.

2		Choose which type of SIPP Scheme is best for you: Deferred – A Personal Pension Plan in which the majority of the pension assets are held in insured pension funds. Hybrid – Some of the scheme assets are held in traditional insured pension funds, with the remainder being ‘self-invested’. Pure or Full – Unrestricted access to the many investment asset classes allowed by HMRC

3		Talk to Oakmount and Partners about the type of investments you want to make. The majority of Oakmount and Partners investment opportunities are SIPP compatible. If you are unfamiliar with how these investment vehicles work, ask for our guide which sets out the basic principles.

We will help you consider which investments will be most tax-efficient. There is a long list of possibilities, including stocks and shares, UK unit trusts, commercial property and gold bullion. We will also help you consider the fees provided by SIPP providers so that you have a full understanding of how it works.

For further information surrounding our SIPP options please call one of our specialists today on 0207 718 0127.