Relevant changes
Protected Rights have been freed.
The changes are relevant to:
- Anyone who already has a SIPP and has contracted out. Since 1st October 2008 you
have been able to transfer outstanding protected rights plans into a SIPP, thereby
maximising investment choice, consolidating your pensions and reducing the administrative
burden.
- Those for whom the value of their protected rights pot alone, or when
combined with other personal pensions gathered over the years, now makes a SIPP
a viable option.
- For those seeking greater flexibility, this offers the choice of taking tax-free
cash lump sums, income drawdown or phased retirement.
- Anyone seeking to maximise their investment flexibility or looking to
appoint someone to manage assets on their behalf.
- Those wishing to consolidate their protected rights into a SIPP to benefit from
economies of scale and therefore reduce administration costs of their pensions.
- Investors wishing to gain access to Bestinvest’s research, asset allocation
and investment advisory skills.
- Anyone wanting access to better performing funds.