A SIPP is a type of pension that allows individuals more control over their retirement funds. Unlike traditional pensions, SIPPs give investors the freedom to choose from a wider range of investments, including stocks, mutual funds, and commercial property. They are tax-advantaged, meaning contributions grow tax-free until retirement, making them appealing for those looking to actively manage their retirement savings.

Personal pensions are long-term retirement savings plans typically offered by insurance companies or financial institutions. Individuals make contributions, which are then invested to grow over time. Personal pensions benefit from tax relief on contributions, helping savers build a retirement fund. They are generally managed by the provider, making them a hands-off option for retirement savings compared to SIPPs.

ISAs are tax-free savings and investment accounts. They allow individuals to save or invest up to an annual limit without paying tax on income or gains. There are several types of ISAs, including Cash ISAs, Stocks and Shares ISAs, and Lifetime ISAs, Junior ISAs each serving different savings goals and risk tolerances. We help you pick the right one.

Collective Investment Accounts aim to provide a flexible method of investing your money, with potential for growth over the medium to long term. There is no limit on the amount that you can invest. A Collective Investment Account (sometimes referred to as a General Investment Account) is a convenient way of investing your money. Assets can be either held directly or within specific pension schemes.

Life insurance provides a financial safety net for your loved ones in the event of your death. It typically pays out a lump sum or regular payments to your beneficiaries, helping cover expenses like mortgages, debts, or living costs.

Critical illness cover pays out a lump sum if you’re diagnosed with a specified serious illness, such as cancer, heart attack, or stroke. This benefit can help cover medical expenses, home modifications, or other costs associated with recovery, allowing you and your family to focus on your health without financial strain. Critical illness policies vary in the conditions they cover, so it’s essential to review the policy terms.

Income protection insurance provides a regular income if you’re unable to work due to illness or injury. Unlike critical illness cover, income protection typically pays a monthly benefit until you can return to work or reach the end of the policy term, ensuring ongoing financial support. This can be particularly valuable for covering living expenses, bills, and debt repayments, helping to maintain financial stability during difficult times.

We have extensive experience with a range of products, including SSASs, Onshore Bonds, and Offshore Bonds. Don’t hesitate to reach out if you have any questions.