What is a SIPP
You can now use your pension to invest in sustainable forestry and agricultural projects using a Self Invested Personal Pension, known as a "SIPP." A SIPP is a pension fund which allows you, the holder, to decide where your money is invested and thus allows you to have greater control. Conversely, with a traditional pension fund, a manager chooses whether to invest in stocks and shares, bonds, cash or other asset-classes, with the investor having little control or influence.
Any type of pension can be transferred into a SIPP. Additionally, many people have "frozen" pensions from previous employment or businesses that they can transfer. Once the SIPP has been set up (or investor uses an existing SIPP), the investor selects the investments they desire and instruct the SIPP trustees to invest accordingly.
An investor using a SIPP can make multiple contributions into their SIPP and is entitled to full income tax relief, which means that if a 40% taxpayer wanted to invest £100,000 of their gross income into our forestry investment product, the 40% income tax usually charged would qualify for relief; resulting in an overall saving of £40,000, allowing the investor to invest the entire £100,000 of income.
We can introduce you to some of the UK‘s leading independent wealth management companies, who specialise in pensions and investments. They will carry out an initial review completely free of charge for potential investors to assess whether their existing pension plans could benefit from being transferred into a SIPP.
Please consult with your financial adviser with regards to the advantages of perhaps placing your forestry investment into a Self Invested Pension Plan. If you do not have a financial adviser, please ask one of our investment consultants who will be happy to refer you.
