With a SIPP, you choose and manage your own investments or pay an authorised financial adviser to help you.
As you’re in control, you can make changes and additions to your investments as often as you want.
SIPPs can offer much wider investment options than other pension types.
The wider investment options can allow you to invest in a wide range of assets, including:
- company shares (UK and overseas)
- collective investments – such as open-ended investment companies (OEICs) and unit trusts
- investment trusts
- property and land – but not most residential property.
This list isn’t exhaustive – different SIPP providers offer different investment options.
You can’t use a SIPP to invest directly in residential property. But it might be possible to invest in commercial property, such as offices.
Or, you can invest indirectly through certain collective investments, such as real estate investment trusts (also known as REITs).
Not all SIPP providers accept this type of investment and restrictions on personal use apply.
Unless you’re experienced in investment management, it’s important to use a regulated financial adviser to help choose and manage your SIPP investments.
If you invest without advice, you’re less likely to be protected if things go wrong.