Five Sipp facts not many people know
By Kirsten Hastings, 31 Jul 17
An estimated one million people have opted for self-invested personal pensions (Sipp) as they offer a wide choice and the freedom to invest almost anywhere. Hargreaves Lansdown have put together some of the lesser-known facts about the increasingly popular retirement vehicle.
One attraction of a Sipp is it can be invested in a wide range of assets. People typically have far more choice than most traditional pensions. This has led to some unusual investments being held such as a music studio in Costa Rica, a cricket ground and a zoo.
Although these investments may sound exciting, they tend to be higher risk, aren’t available in all Sipps and often involve significant costs. The vast majority of investors choose to hold standard assets, like the funds and shares.
Shares are rarely an investment option in other types of pension. Most pensions will allow people to invest in funds, but the choice could be limited to a handful run by the pension provider. A Sipp offers access to a wide range of funds run by specialist fund management groups.
Tags: Hargreaves Lansdown | IHT | Inheritance | Sipps
