What is a SIPP?
A Self Invested Personal Pension, or SIPP is an individual personal pension that allows investors greater choice as to where to invest their pension savings. Traditionally personal pensions allow you to invest in a limited range of funds. Whereas a SIPP allows you into invest in a broad range of assets from commercial property, individual company shares and gold bullion.
A SIPP is classified by HMRC as a registered pension scheme and benefits from the same tax advantages as any other registered pension.
A SIPP account is ideally suited for individuals who are comfortable making their own investment decisions and want the ability to invest in a variety of assets or individuals taking independent financial advice.
What is a SSAS?
A Small Self-Administered Scheme (SSAS) is a company pension scheme. The members of the scheme are also trustees and are responsible for making the investment decisions. Historically SSAS’s where opened by private limited companies for the benefit of the owners and key employees. SSAS’s are also classified as a registered pension scheme by HMRC and enjoy the same generous tax advantages.
SIPP/SSAS administrators are regulated by the Financial Conduct Authority (FCA) and are independent of GOLD.co.uk.
