- To make the most out of your Self Invested Personal Pension (Sipp) you must first pick the correct provider
- In this free guide, we reveal the Top Rated Sipp providers in the UK, as voted for by IC readers
Pension planning has come on in leaps and bounds in recent years, thanks to the arrival of pensions freedoms combined with the development of Self Invested Personal Pensions (Sipps), now in their fourth decade. Where once savers were limited to a choice of whichever funds their pension provider deemed relevant, they are now able to control their investments all the way up to and beyond the point of retirement and can choose for themselves from a wide range of assets, including shares, funds, investment trusts and commercial property.
Sipps are split into two types: full and simple (or lite). The former offers a broad suite of investment options including commercial property. If you want to hold property within a Sipp, you have to pay a number of fees such as property and land management fees, and mortgage fees. The costs and considerations depend on your individual circumstances, so it is worth speaking to a full-service Sipp provider.