SBQ Property & Land SIPP
Monday, February 25th, 2008
A SIPP (Self Invested Pension Plan) is flexible and all about taking control of a pension savings plan that will generate an income for you any time after the age of 55 (50 before 2010).With a SIPP you can draw an income from your personal pension fund and continue working.
You can also draw up to 25% of your fund as a tax free cash lump sum and leave the rest invested until you need an income.
You can make contributions as and when you want, with tax relief at your current rate of tax. For example; if you are a 40% tax payer, for every £60 you contribute to your SIPP fund the government will add a further £40.
If you die before using your SIPP funds it can be passed to your relatives or other selected beneficiaries.
For more details see the SBQ Land & Property SIPP page or visit: Our main website or call My Choice Villas today - 0330 323 0126 (local rate)
