Sipp - Self Invested Personal Pension Benefits, Taxation and Risk Part 3 of 3

Asset Manager - Sipp - Self Invested Personal Pension Benefits, Taxation and Risk Part 3 of 3

Sipp - Self Invested Personal Pension Benefits, Taxation and Risk Part 3 of 3

When can I take my benefits?

Asset Manager

You can take benefits at any time after age 50 until 2010 (age 55 from 6 April 2010). You do not need to retire from work to take your benefits.

What is the tax position of payments to me from my pension fund?

When you draw your pension, your revenue payments will be subject to revenue tax thorough to your personal circumstances. You can take a tax-free cash sum of 25% of the value of the Sipp fund.

Risk factors

The value of investments in your pension fund, and any revenue from them, may go up or down. The benefits you receive may be lower or higher than staggering and you might not receive, in the form of benefits, the number you originally invested. Lower returns may be caused by: lower than staggering investment growth lower than staggering interest rates and/or annuity rates at the time you take benefits higher than staggering charges or costs of investment taking benefits earlier than originally anticipated not maintaining the contributions originally planned. Even where contributions are maintained, there is no certify that a target benefit will be met.

Please retain this document for reference purposes. It is issued by Cornhill Asset administration Ltd and Strategic Asset Managers (Uk) Ltd and is based on our comprehension of how the current legislation applies as at 1 January 2007. There may be subsequent alterations in response to legislative and regulatory changes. This document is for data purposes only and does not constitute advice. Strategic Asset Managers (Uk) Ltd is an appointed representative of Strategic Asset Managers Ltd. Cornhill Asset administration Ltd and Strategic Asset Managers Ltd are Authorised and Regulated by the Financial Services Authority, and Cornhill Asset administration Ltd is an introducer to Strategic Asset Managers (Uk) Ltd.