Self-Invested Personal Pension Plans

A self invested personal pension is ideal if you like to have control over your money.  By setting up a self invested personal pension early in your career you are building on your own funding for your retirement. Unlike other persons you are able to determine how you want your contributions to be spent and how you wish to invest.

More Freedom to Choose

With a self-invested personal pension you are able to take the benefits from your pension as early as 55.  This means you have the freedom to keep working if you wish and still receive finding from the money you have built up. You can take a lump sum and 25% of this can be tax free.

If you leave anything in your pension after the lump sum then this can be used however you wish, either from your self invested personal pension or from an insurance company you find who can provide you with an attractive annuity.

Pay However You Wish

The way you make the contributions into your self invested personal pension is up to you.  Some people ask their employer to set up a direct debit into the account, while others choose to pay lump sums or even monthly payments from their own account.