Supporting your future with more flexible pension choices

By Steve Balmer

Managing Director and Independent Financial Adviser

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Planning for retirement is an essential step in ensuring long term financial security. If you would like more control without the day to day decision making, a Self-Invested Personal Pension (SIPP) provides a flexible and forward thinking solution, supported by our expert financial advisers.

A SIPP gives us access to a wide range of approved investments offered by the provider, including individual shares, investment trusts, corporate bonds and even commercial property. With our expert guidance, this flexibility is used to build and manage a portfolio tailored to your financial objectives and attitude to risk, while our professional oversight removes the need for you to actively monitor and manage the investments yourself.

Understanding the tax advantages

Alongside this flexibility, SIPPs also benefit from attractive government tax incentives. Contributions are eligible for tax relief, effectively enhancing the value of your retirement savings without requiring any additional input. Basic rate taxpayers receive a 20% government contribution. For example, an £80 investment is topped up by the government by £20, resulting in a total contribution of £100. Higher and additional rate taxpayers may be able to claim further tax relief through their self assessment tax returns and if this applies to you, our team can guide you through the process.

We also ensure your investments are structured to take full advantage of the tax efficient environment a SIPP offers. Any investments held within the pension grow free from UK Capital Gains Tax and Income Tax. When you reach the eligible retirement age, we can guide you through your options, including taking up to 25% of your pension fund as a tax free lump sum (subject to applicable limits), helping you maximise flexibility and make the most of your retirement income.

Considering the responsibilities

While the benefits of a SIPP are clear, managing one independently can require significant time, market knowledge and ongoing attention. As investment values can rise and fall, there is always an element of risk and careful monitoring is essential.

By working with us, much of this responsibility is taken off your hands. Our experienced team manages the investment process on your behalf, ensuring your portfolio is regularly reviewed, appropriately diversified and aligned with your long term goals. We also keep a close eye on the costs of running your SIPP, helping to ensure efficiency and value at every stage.

Securing your financial future

A professionally managed SIPP can be a highly effective way to build wealth for retirement, combining flexibility with expert oversight. While pension rules and market conditions can change, having dedicated specialists on your side means your retirement planning remains proactive, compliant and aligned with your objectives.

If you would like to benefit from the advantages of a SIPP without the complexity of managing it yourself, get in touch with our specialist team today to discuss how we can support your retirement journey.

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_{David Allen Financial Services is a trading name of David Allen Financial Services (Dalston) Ltd (Registered in England & Wales, Company Number 06966976) and has its registered office at Dalmar House, Barras Lane, Dalston, Carlisle CA5 7NY. The company is authorised and regulated by the Financial Conduct Authority. Firm Reference 506138. Your home may be repossessed if you do not keep up repayments on a mortgage secured on it.}

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