We look after your pension needs allowing you to do what you do best.
A SIPP is more flexible than a traditional personal pension plan and appeals to individuals and Directors as they have more control over their investments and are able to use their pension for self investment.
A SIPP may invest in the following:
There are no limitations on the sale or purchase of assets either to, or from, individuals or other connected parties, however all such transactions must be carried out on an arm’s length basis.
Some investments are prohibited, for example residential property (including ground rent), personal chattels such as works of art, fine wines etc and tangible moveable property. Such investments are known as Taxable Property. Further information and guidance on Taxable Property can be found at http://www.hmrc.gov.uk/manuals/rpsmmanual/RPSM07109000.htm
HMRC impose restrictions on investments that can be held by a registered pension scheme. www.hmrc.gov.uk/manuals/ rpsmmanual/RPSM07101010.htm gives an overview.
*There are limits on some types of investment, for example shares in a connected company. Morgan Lloyd SIPP Services Limited will be able to guide you on this.
|BASIC SIPP||FULL SIPP|
|Brand name – Directus||Brand name – Qualitas|
|Master Trust Deed & Rules for all clients (already executed).||Individual Trust Deed & Rules executed for each client.|
|Rules allow for wide investment powers, but actual investments allowable are restricted in the Terms & Conditions.||Rules allow for the widest possible investment powers.|
|Basic fees to be charged by Morgan Lloyd SIPP Services Ltd (MLSS)||Full SIPP fees to be charged by MLSS|
This information reflects the regulatory and taxation situation as it affects pensions at the time of publication in April 2017 and is provided to the best of our knowledge. It is not a complete representation of the pensions legislator landscape and is for guidance and information purposes only. We cannot be held responsible for any errors, omissions or subsequent legislative changes.
For further information on your pension scheme administered by Morgan Lloyd, or any enquiry, please do not hesitate to call and one of our team members will be happy to helpView more