What We Offer
We offer an RICS Red book valuation service on all property invested as part of a SIPP. This can be done before or after an offer has been made. The valuation we give you can then be used to make sure that you are making the right investment for you and for the lender.
What are SIPPs?
SIPP stands for Self-investment Personal Pensions and is a way to save for retirement. SIPPs were initially designed with the very wealthy in mind. However, they are now possible for people of most incomes. This has been possible since 2015, with policy changes making them more and more mainstream, thanks to pension freedoms.
They take the control away from pension companies and the government and allow the person to control where the money goes and how it grows. You control the investments.
In essence, they are a do-it-yourself pension – you are responsible for managing the investments, so it is essential you have the time and confidence to do this.
SIPPs are an option for people who want their pensions in one pot.
What can SIPPs invest in?
Here at Winfields, we focus on the investments made in property and land. However, when you have a SIPP, you are able to invest in a number of things, including:
– Commercial property
– Stocks and shares
– Investment trusts listed on any stock exchange
– UK government bonds and bonds issued by foreign governments
– Unit trusts
– Open-ended investment companies (OEICs)
– Gilts and Bonds
– Exchange-traded funds (ETFs) traded on the London Stock Exchange or other European markets
– Bank deposit accounts, including non-Sterling accounts
– Real estate investment trusts on the stock exchange
– Offshore funds
Different Types of SIPPs?
Offer the widest form of investment,
They have the highest charges so are only suitable for people with larger incomes.
Full SIPPs are aimed at experienced investors – an involve investing in harder things that require more sophisticated thought like commercial property.
Can be a flat or percentage amount invested,
Some have a start-up fee, annual management charge (usually 1% for £50,000), and trading charges.
DIY or lite SIPPs:
Wide range of investment choices but does not include directly owning property, offshore funds or investing in unquoted shares.
– DIY SIPPs are offered by investment platforms.
– More suitable for people with smaller pension savings to invest.
– They are usually ‘execution-only’ which means you take no advice from a firm.
– Charges, as a result, are lower.
– Typical charges are £10-£15 for an online trade.
– You can pay an admin charge or a % platform fee, or both.
– Dealing costs for buying and selling shares