Self-Invested Personal Pension Plans
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A SIPP, also known as a self-invested personal pension, is a form of private pension scheme that provides greater control over the investment of retirement funds.
In comparison to traditional pension schemes, a SIPP offers increased freedom to invest in specific areas and regulate the amount and timing of funds invested.
One of the advantages of a SIPP is that it enables you to transfer your pension to your beneficiaries after your death while also providing tax benefits.
SIPPs offer multiple options for accessing pension funds, with a high level of flexibility in terms of the amount that can be withdrawn. You can choose to receive regular payments or take out one-time lump sums, subject to certain limits.
Baker Tilly Isle of Man Fiduciaries Limited is registered by the Isle of Man Financial Services Authority as a professional retirement benefits schemes administrator
The benefits of our self-invested personal pension plans include:
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