“Self Invested Personal Pensions (commonly referred to as SIPPs) are forming an important part of many individuals pension planning. Once the preserve of high net worth individuals, the growth in smaller funds is increasing significantly. One of the main reasons for this is the flexibility a SIPP offers under a simple structure – but ultimately you control your own pension and can consolidate all other pensions in to the one pot. Income in retirement can be paid on a flexible basis and death benefits significantly enhanced.

Some people thought that the introduction of the SIPP spelt the death knell for Small Self Administered Schemes (SSASs) but we do not believe that is the case. In certain circumstances, SSASs can offer additional benefits over a SIPP and are particularly relevant to Director/Shareholder or family controlled companies.

Through our associated company, Calderwood Pensions Limited, we are able to provide our clients with stand alone SIPPs and SSASs in order to maximise the flexibility of these arrangements.”