Self Invested Personal Pensions
SIPPs (self invested personal pension) were introduced by the Finance Act 1989 and are individual pension arrangements which, unlike stakeholder or personal pensions, offer holders the opportunity to invest in a wide variety of assets, such as Unit Trusts, shares and property. They offer more investment flexibility than many other schemes since the pension scheme holder can direct the trustees to invest in any given asset.
Under the rules announced in the April 2006 budget regulating pension schemes investors can purchase commercial property in the UK and abroad through their personal pension schemes.
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