A SIPP is a personal pension which allows the member a much broader range of investments compared to a traditional Personal Pension. Basically, it allows you to pick the property you wish to place into your pension. As well as having excellent investment freedom a SIPP still maintains the significant tax advantages of a pension, with full tax relief on contributions.

A SIPP also offers much greater flexibility in the way benefits may be taken in retirement. You may retire at any age between 55 and 75 with no penalties. Up to 25% of the value of your SIPP investments can be taken as a tax free cash sum whilst the remainder remains invested. At retirement, you have a number of choices. You can draw income from your invested fund, known as income drawdown, buy an annuity, or have a combination of phased retirement and income drawdown.

Many of Homesure's overseas investments are fully SIPP compliant. Initially, the property is purchased within a SIPP and all income is directed back into your pension fund. Once the fund grows you can release equity to purchase more property with a view to increasing its total value and return. This is an excellent way to build your pension and plan for your future. Homesure can advise you on which products are suitable for a SIPP.

Homesure are not pension experts and cannot provide detailed pension advice, but we do work in conjunction with regulated professionals (who in September 2009 we were awarded the Moneywise best Comprehensive SIPP provider)