Investment consolidationA low-cost SIPP offers the ability to control all your pension fund assets under one plan. But did you know that you can also have your other investments available with the same online capability? This applies to ISAs, PEPs, unit trusts, OEICS and even investment bonds. Since 6 April 2008, the distinction between PEPs and ISAs has been removed, so now is an ideal time to have online access to all your investments. By moving to one online system, you can greatly reduce the time and effort spent on looking after your investments. In particular you will slash the amount of paperwork involved – making the whole process easier. You will have access to: • Discounts on new investments • Online valuations • Reduced switching charges • Online cash account to consolidate income payments • Consolidated tax voucher to help with your annual tax return. Increasingly, people are beginning to treat their pension and non-pension assets as one. While pensions attract many benefits, in particular tax relief on contributions and tax-free growth, the income you draw from them is taxable. Other investments, such as ISAs, offer the ability to receive a tax-free income and are being used to supplement income in retirement. The balance between investing in pensions and other assets is a personal issue. You can, however, be sure to keep on top of your finances by taking advantage of the technology that exists today. All you need do is to register your investments with Chandos Rose and you will be given secure online access to all your holdings. The range of investments that you can register is not limited to ISAs, you can include many of your long term savings including shares, investment bonds, offshore bonds – without the need to sell them and reinvest. The real bonus is that access to the service is without additional charges.
|