Doctors given SIPP advice
A financial services website has today reminded Doctors about the benefits of self-invested personal pensions to help them plan for their retirement
Finance Daily has described the SIPP as "arguably the biggest pension success story in recent years", a product which has allowed investors to "retake control" of a vitally important asset.
Investors make their own payments into a personal pension pot, allowing them to select the most beneficial investments.
Doctors engaging in pension planning can generate large funds by investing sensibly – with capital funds, computer access and financial investment advice all that is required to start saving.
Pension Sorter says tax perks are a key advantage of a SIPP, with investors able to save money at a discount of between 20 and 40 per cent as a result of payment exemption.
According to Finance Daily, doctors can begin a SIPP by making new contributions or by moving from an existing pension arrangement.
Inheritance Tax Planning is part of the specialist advice provided by Wesleyan Medical Sickness.
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Wesleyan Assurance Society is authorised and regulated by the Financial Services Authority. Incorporated by Private Act of Parliament (No.ZC145). Advice is provided through Wesleyan Medical Sickness, Wesleyan for Teachers, Wesleyan for Lawyers and Wesleyan for Professionals which are divisions of Wesleyan Financial Services Ltd. ("WFS Ltd.") WFS Ltd. is a wholly owned subsidiary company of Wesleyan Assurance Society. Registered No. 1651212. WFS Ltd Head Office: Colmore Circus, Birmingham B4 6AR. Telephone: 0845 351 2352 Fax: 0121 200 2971. Telephone calls may be recorded for monitoring and training purposes.