Sipps

[Dundee]

Hi peope;

Anyone in this forum has a SIPP account? Any good? best providers out there...

Cheers

[Danny]

Hi Dundee;

My brother in law has a SIPP account with Hargreaves Lansdown, They are the best providers out there for this type of investment... But he regrets opening it as he couldn't have access to his money NORMALLY when he needs it. That's the main reason for it i guess, a pension scheme for some1 who is comfortable making their own investment decisions.

Hope that helps

[Wang]

Sipps= Investment+ Saving, right?

[CFD gangster]

What's the point of making money if you can't access it until the age of 55!!! Like if you know that you going to live until that age. I am against that idea, so many oldies have too much money saved up and they don't know what to do with it. I was watching a the apprentice this Monday and the targeted market was the old people market. Sir Alan Sugar stated that this market is worth 50 billion pounds a year!!! Goodness me, i thought kids spend more!!!

[Black Swan]

What's the point of making money if you can't access it until the age of 55!!! Like if you know that you going to live until that age. I am against that idea, so many oldies have too much money saved up and they don't know what to do with it. I was watching a the apprentice this Monday and the targeted market was the old people market. Sir Alan Sugar stated that this market is worth 50 billion pounds a year!!! Goodness me, i thought kids spend more!!!

Soo truuuuue

[billy]

Morning London;

There are some good advantages in having a Sipp account - the most obvious being the scale of the tax perks. Investments using a Sipp are tax free, which for higher rate payers, means a discount of 40%, and 20% for lowly ordinary tax rate payers, I think this 40% or even 20% is not to be ignored here!!!
The actual saving can be even greater because of the complex way that the tax system operates.

[jason]

Do any members know of a SIPP trustee that allows CFD trading via one of their listed Brokers? In short, I'm looking for a new trustee/broker pair that will facilitate CFD trading in a SIPP. Cheers

[Rhod]

Do any members know of a SIPP trustee that allows CFD trading via one of their listed Brokers? In short, I'm looking for a new trustee/broker pair that will facilitate CFD trading in a SIPP. Cheers

That really needs reconsidering!!! you want to leverage with the pension money??? Good luck...

[sandros]

Do any members know of a SIPP trustee that allows CFD trading via one of their listed Brokers? In short, I'm looking for a new trustee/broker pair that will facilitate CFD trading in a SIPP. Cheers

Have a look at IPM Pensions. They allow CFD trading as far as you use SIPPs. They do operate a CFD SIPP with the GFT platform. One thing to look at though is their charges!!!

Good luck

[Ralph Richard]

Hey guys

A Sipp, is a self invested pension plan where you can manage your own pension plan through an approved broker and make the necessary investment decisions provided you use UK stocks or US stocks. But you might need to pay stamp duty on that, You can however use CFDs but you will need to get an approval from the Inland Revenue...

Hope you all have a nice weekend