The Fully Specified Self Invested Pension
When researching a new car purchase, individuals will discount, as a given, the vehicle’s primary purpose of getting from A to B. Instead the focus will be on standard features and options that will make the ownership experience as pleasant as possible and asking questions like, “Will the boot be big enough for the family holiday next September?”
When selecting a Self Invested Personal Pension (SIPP), similar foresightedness should be used, making sure that all the features required, exist within the SIPP, not just for those required immediately but those that will, or maybe, needed at sometime during the SIPP’s existence.
For this reason, we invite you to research the features of the Dentons SIPP. It is one of the very few SIPPs on the market, with full investment and contribution functionality and which will consider the more esoteric investments that many other SIPP providers cannot, or will not entertain.
Such investment opportunities might include both unquoted funds and shares as well as overseas property. As an example, whilst individual residential property is still unavailable to SIPPs, purchases into residential developments, through specialist collective vehicles, is possible and Dentons are working with property developers on several such plans, the latest of which offers opportunities in Dubai.
Other opportunities for similar off plan developments, in hotel rooms, in both Turks & Caicos and Thailand have also been approved acceptable within our SIPP.
Whilst Dentons cannot advise as to whether investments such as these are suitable for the particular circumstances of individual SIPP clients, they can confirm whether or not the planned investment is one that is approved for use within SIPPs.
Dentons have also structured their SIPP such that the member is appointed co-Trustee of their plan to sit alongside the Dentons trustee company. We believe that this provides the member with a greater feeling of control and ownership that some other products in the marketplace do not offer. The member can, therefore, be actively involved in the buying process, the selection of professionals to assist in the purchase and the management of the property once owned.
Martin Tilley is a Pension Consultant & Business Development Manager at Dentons Pension Management Limited. He can be contacted at martin.tilley@dentonspensions.co.uk or 01483 521521.
Dentons Pension Management Limited is Authorised and Regulated by the Financial Services Authority.