A SIPP is a type of Pension which provides you a tax efficient way in which you can invest funds to build a regular income and a tax free lump sum amount when you reach an age above 50.
SIPP is different from traditional pension plans as it provides More control and flexibility to make any type of investments including cash, equities (shares), bonds & gilts, commercial property or collective investments in some specialist residential property funds, you wish within your pension plan.
It also provides the freedom to transfer the any assets held within a personal pension or an occupational pension or an annuity pension plan, into a SIPP. It offers the best planning and tax reduction opportunities like: Income Tax: Tax relief is available on your own contributions to your SIPP at the highest tax rate you pay; e.g. if you are a higher rate tax payer you will receive