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Be creative in ways to save money
A NEW company is showing investors how to save money by being more creative with finances and pension plans.
The Sipp Broker Limited is holding seminars at its Elsie Whiteley Centre, Halifax base to explain the techniques.
Sipps – Self Invested Personal Pensions – can give plan holders more choice than standard personal pension plans.
Conventional personal pensions usually involve the plan holder paying money to an insurance company for investment in an insurance policy.
But Sipp plan holders can have more control over the investment strategy.
Director Lynn Steele has held seminars across the UK on how to design Sipps.
She said it was an effective way of raising finance in the current uncertain economic climate.
"It helps people to take control and gives them flexibility. If people want to set up a new business or protect their assets from bankruptcy or if they want to raise finance because of the credit crunch, they can look at their assets and create a bespoke solution," said Mrs Steele, who has been giving specialist Sipp advice for 14 years.
The seminar on November 19 will take people through the pros and cons of investing in buildings, and how to best use tax breaks and take control of assets.
Mrs Steele said it is based on the popular BBC celebrity chef game show Ready Steady Cook. In Ready Steady Sipp there will be money to prepare plans.
Mrs Steele said: "Pensions can be a dry topic so we are presenting it in a different way."
The event starts at 7pm. For more details email lynn@sippbroker.co.uk
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Saturday 11 February 2012
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