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Self Invested Personal Pension Plans (Sipps)

The rules governing these pension plans have been altered since 2006 tax year. - for detailed information visit the following websites:

Government

 http://www.direct.gov.uk/MoneyTaxAndBenefits/PensionsAndRetirement/PersonalPensions/fs/en  

Sipp Provider Group

http://www.sipp-provider-group.org.uk

You will have to decide if it is to your advantage to get the tax relief on contributions and have your money linked to a personal pension scheme with its attendant rules and regulations.

Or do you have the discipline to save independently for example with ISA,s and be in charge of your own funds.

 Both routes have their plus and minus points - do your homework well before deciding.

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