A SIPP (Self Invested Personal Pension) is a personal pension which allows the member a much broader range of investments compared to a traditional Personal Pension. Some of the examples of the exciting investment opportunities today’s discerning investor may want to access include commercial property, land, overseas property funds, residential property funds, quoted and unquoted shares, trusts, unit trusts and OEICs.

Synergi Investment reccommends approved SIPP plans which provides the member the opportunity to invest their funds (including Protected Rights) in any HMRC permitted investments which do not attract a tax charge. The member also has the option of using their fund (including Protected Rights) in borrowing calculations.If investing Protected Rights in the Private Pension the Protected Rights fund is 'ring fenced', this way we are always able to identify the Protected Rights money. As well as having excellent investment freedom a SIPP still maintains the significant tax advantages of a pension, with full tax relief on contributions.A SIPP also offers much greater flexibility in the way benefits may be taken in retirement. You may retire at any age between 50 (age 55 from April 2010) and 75 with no penalties. Up to 25% of the value of your SIPP investments can be taken as a tax free cash sum whilst the remainder remains invested.

At retirement, you have a number of choices. You can draw income from your invested fund, known as income drawdown, buy an annuity, or have a combination of phased retirement and income drawdown. At age 75 you must either buy an annuity, or continue drawing from your invested fund using  ASP (Alternatively Secured Pension)