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It seems as if the SIPP sector has been waiting for the judgments on a number of court cases in recent years. As we get clarity on one, we still await another and these can have implications for not only how a SIPP firm operates, but on advisers and their clients.

Options Pensions has launched a Sharia SIPP in partnership with Islamic investment group Wahed Invest.

The recent judgment in the HMRC v SIPPchoice case, published in May, was in relation to tax relief on in-specie contributions. This case has been ongoing for a number of years and it would appear that we finally have resolution.

As the UK moves into the 7th week of lockdown and the world has changed beyond all recognition, it has also been a time of reflection.

The Financial Services Compensation Scheme received 4,100 extra SIPP and pensions claims 2019/20 than it expected, resulting in increased cost of £3.9m.

It is hard to believe that the first SIPP was sold over 30 years ago.

It is quite hard to believe that we have just welcomed in the start of a new decade as 2020 begins.

Xafinity SIPP/SSAS has reached the milestone of having 2,000 commercial properties under administration for our clients.
The Financial Services Compensation Scheme (FSCS) has received 733 claims against Berkeley Burke Sipp Administration Limited (BBSAL).
Starting a pension for a child is a very long-term investment, and probably one only considered by high net worth individuals who have used every available tax wrapper to the max. Given the most that can be paid in for someone with no earnings is £3,600 gross a year, it’s important that any pension started is low-cost or the tax benefits can quickly be wiped out.
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