Investment and choices

When it comes to the range of investment choices, the SIPP really comes into its own. Rather than restrict you to few in-house funds as earlier pensions did, SIPPs offer almost all the main investment areas other than direct investment in residential property.

You can even put the money on bank or building society deposit if you don’t wish to invest at present.

The vast majority of retail investors use investment funds to give a broad spread of investment companies and types. For anyone with less than £100,000 to invest this is probably essential and it is still likely to be the most cost-effective route even for those with large funds. There are many ways in which to buy investment funds other than just using the in-house funds from the SIPP provider.