Catching your pension as it falls,
If you are like most of our clients, you receive your pension statement every half year or so summarising your investment.
It arrives in the mail, you unfold the A4 size statement, and your hands begin to sweat as you notice that your pension fund has actually dropped since the last statement.
How’s it possible and what can you do? It’s at about this point where you shrug your shoulders and conclude Well what can I do? It’s a pension and well outside of my control!”. Or rather: “Well I wish I could do something but the fees are probably so high that it just wouldn’t be worth it!”
Whatever your reaction I can tell you one thing for sure: you can do something about it no matter your circumstances, and it’s important you act now.
Clear choices and informed decisions. Independent Advice. That is what you need to seek out.
A SIPP might be the answer for your pension fund.
One of the things that many of our clients are jumping upon is called a ‘SIPP’ or a Self Invested Personal Pension. It allows you to take over the control of your pension pot allowing YOU to choose where your money is invested rather than a 24-year old fund manager fresh out of university, managing £2 billion of other people’s money.
This isn’t something that you are going to be able to do on your own. Our team is able to take you through your options in a portfolio management meeting, helping you to understand the best investment opportunities for you. Remember that we want to make money from your pension pot not have it drop in value and leave you feeling helpless. SIPPs sort of work really well for property investors because we are used to being in control.
I can talk all day about SIPPs and why you may need one but I will leave that to the experts, if you are interested then give your Property Consultant a call and they will tee you up to have a chat with Nick. Give us a call on +44 (0)207 923 6100.
Live with passion,