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SIPP
SIPP Features
The principal features of a self invested personal pension are as follows:
- total freedom on the payment of contributions
- flexibility on the choice of investments
- the ability to select your own fund manager or managers
- early retirement irrespective of whether you remain at work
- penalty free transfers
- staggered or phased retirement
- income drawdown – avoiding the requirement to purchase an annuity
- efficient administration
- transparent fee structure
- significant tax advantages
- inheritance tax planning possibilities
