Thursday, October 6, 2011

Looking for the best Self Invested Personal Pension (SIPP) Cash Accounts?

With all the ups and downs in the markets, I'm surprised how little seems to have been said about the possibility of investing your pension in cash accounts through a self-invested personal pension (SIPP). A number of pension providers or brokers seem to offer cash accounts with a minimal interest rate for the short term but what about longer term bonds? After a fair amount of searching online, I found this page which lists lots of accounts which provide bigger interest rates - including 4.25% from Scottish Widows for a five year fixed rate bond. I don't know what the charges are and whether you specifically need a financial adviser or not (I imagine you do) but it's at least a start.
Weedly and irritating legal disclaimer: None of this constitutes financial advice and you act at your own risk!

No comments: