What is a SIPP?
A SIPP is a type of personal pension scheme.
The SIPP itself is a pension ‘wrapper’ that holds investments until retirement and the investor starts to draw a pension income.
Most SIPPs allow investment in a range of assets including commercial property not just in an insurance backed fund provided by an insurer.
SIPPs are designed for people who want to manage their own fund by dealing with, and switching, their investments when they choose.
They may have higher charges than other personal pensions or stakeholder pensions.
As with any pension fund, the investor cannot take money from the fund until the age of 55.
SIPPs often fall to be treated as insurance products, as they normally carry an element of contingency insurance within a package, which also makes provision for funds to buy an annuity to provide a pension payment to sustain the pensioner after retirement.
Charges made by IFAs, brokers and other intermediaries, normally collected as commission from the premium (contributions) will be exempt under the VAT Act 1994 Schedule 9, Group 2, Item 4 if they relate to an intermediary service in connection with the provision of the SIPP.
The charges made to a SIPP customer may however, include initial and annual charges for the management of the customer’s investment portfolio rather than relating to a specific supply of the pension.
Therefore, these charges would normally be taxable for VAT purposes..
一個SIPP是一種個人養老金計劃。
在SIPP本身就是一個養老'包裝'持有的投資，直到退休和投資者開始規劃的養老金收入。
SIPPS允許投資在各類資產，包括商業物業而不只是由保險公司提供保險支持基金。
SIPPS設計一條龍的服務，投資時，自由選擇來管理自己資金的人。
他們可能有機會獲取比其他個人養老金或利益相關者的養老金更高的費用。
正如任何養老基金，55歲後投資者便可不再投資資金
SIPPS的年齡特色常常會被當作保險產品，因為他們通常是包套處理，用資金購買年金，維持領取養老金以支付退休後的生活。
由獨立財務顧問、經紀及其他中介人取得費用，通常是收取佣金（資助）。產品本身與SIPP相關，根據增值稅法免徵1994年附表9，第2組，第4項則可免增值稅。
詳細內容請參閱：http://www.hmrc.gov.uk/manuals/vatfinmanual/vatfin5700.htm