Self Invested Personal Pension (SIPP)

Everyone's approach to saving for the future is different. If you prefer more choice with your investments and are prepared to pay higher charges, a Self Invested Personal Pension (SIPP) may be for you.

SIPPs are a lot like normal pension plans, providing a tax efficient way of saving for retirement. Where they're different is that they offer plan holders greater freedom to make the investment decisions, or to appoint an investment manager to do so. That opens up a range of choices among external investments, as well as the more traditional insured or collective funds. It's important to note that the charges levied for the administration of a SIPP are usually more numerous than those for other pensions, and higher, too.

• Important Information

  What you get back at retirement from a personal pension will depend on the investment performance of the underlying assets, and the annuity rates applicable at the time that you take your pension benefits. The value of investments can fall as well as rise. Returns are not guaranteed and you may not get back what you originally invested. The favourable tax treatment of pensions may change at any time in the future. The value of tax relief will depend upon your personal financial circumstances. Annuity rates may fall or rise. If they fall, the pension you buy at later date may be smaller. You must take a tax-free lump sum before your 75th birthday or will lose this option. Any income you withdraw will be taxed as earned income. You can't access your money in your pension until reach the age of 50 going up to 55 in 2010. Your Financial Planning Manager will inform you about the product's aims, its objectives and the risks involved. The Key Features document will also detail this information for your reference.

With Barclays Financial Planning you get:

• A SIPP exclusively tailored for Barclays customers.
• The choice of a range of investments from Barclays as well as other providers.
• Access to the Multi Manager investment approach through a range of exclusive pension funds.

For more information call 0800 587 2024 to book an appointment or request a call back.