The Revenue allows for a wider range of stock trading, both domestically and overseas. There are also unlisted shares that are made available to SIPP investments, as well as overseas securities.
Investing in company trusts becomes more accessible, further widening the scope of investment possibilities. One can invest in insurance company trusts as well as open ended investment companies. Additionally, unit trusts and other investment trusts can be added to the portfolio.
There are certain properties which will place the income gained from the investment in a higher tax bracket. These would include residential properties, vintage autos, paintings and other artwork, and gold bullion holdings that exceed a certain market value. However, any commercial property that earns income will be allowed to fall in a much lower tax bracket by Revenue standards.
Certainly, bank accounts are often considered to be investments as they gain interest. While these interest levels often tend to be lower than what can be earned with other investments, the pension funds placed into a deposit account will still be a reliable source of cash which, when withdrawn, will also fall into a lower tax bracket than do other forms of income.
There are many sources available when seeking SIPP information, and many can be found online. A variety of fund management companies and their agents now offer SIPP schemes to attract pensioners who wish to do more with their funds than collect interest in a bank account. Of course, with any pending scheme ideas, a great deal of research needs to be conducted before any concrete decision is made, as it is even more important to protect one's pension funds for a secure future.
Sturat_Mitchel
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