sipps are Self Invested Personal Pensions

Self Invested Pension Plans (SIPP) are one of the most tax efficient and flexible methods of saving for your retirement and savers have more control of their financial destiny because the scheme member has the power to decide when and where the assets of their pension fund are invested.

The tax advantages of SIPPs are very appealing with contributions treated the same as contributions made to personal pensions. Individual contributions automatically receive basic rate tax relief whilst higher rate tax payers can claim additional relief through their tax returns and there is no capital gains tax applicable on growth.

Although they've been around since 1989, it wasn't until pension regulations were relaxed in April 2006 that they became more accessible and now everything from shares, company bonds, cash and commercial property can be held in a SIPP wrapper.

Hotel rooms in the UK and overseas now constitute a suitable tax free SIPP investment - provided there is no possibility of free personal use. Your SIPP can own an individual room or more, or share in several through a syndicated arrangement.

Click here to find out more about the syndicated SIPP deals we offer

A further attraction to Sipp holders is that savers' pensions can borrow to help buy property with investors able to borrow up to half the value of their pension. Individual property deals can have a higher level of borrowing as long as it is kept within the overall limits.

More here about what you can put in your SIPP