PP5 Pensions - Take the Risk Out of Your Financial Future and Make MILLIONS
By Stephen Sutherland, author of Liquid Millionaire.Posted 24th July, 2009.
Tags: financial future, isa, isa trend investing, make millions, pp5 pensions, sipps, stock market boom.
PP5 Pensions - How to Use Them to Make Millions from an Up and Coming Stock Market Boom
Recently, by accident, I stumbled across another way to use ISA Trend Investing and potentially make millions from an up and coming stock market boom.
For quite some time, my brother Paul and I have been using a “parallel” investing strategy with our ISAs. In other words, the investment funds that we buy with our Stocks and Shares ISA accounts, we also buy with our pensions.
This means that if we get a 23% return for the year on our ISAs, we also get a 23% return on our pensions.
PP5 Pensions
For all the years that we’ve been using this strategy, we both thought we were using a SIPP (a Self Invested Personal Pension).
We thought this because we believed that a SIPP was the only way that a person could control their pension. However, we were both very wrong.
And so instead of SIPP pensions, we both have what’s known as PP5 pensions.
The PP simply stands for Personal Pension.
The PP5 unfortunately has less amount of choice (of funds) than a SIPP, but on the plus side, the costs are only a 0.75% annual management charge.
As there is less choice, sometimes we can’t get into exactly the same funds that we are in with our ISAs. But this has not proved to be a challenge because I can almost always find another fund that invests in a very similar portfolio of stocks to the one that our ISA funds own.
And so if you are ever thinking of wanting to control your pension, and take the risk out of your financial future, both a SIPP and a PP5 pension are worth asking your financial adviser about.
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As I’ve mentioned frequently on this site, and in my book Liquid Millionaire, the stock market looks to me like it’s in the early stages of a new bull market. And if this is true, there is a very real investment opportunity to make millions over the next 5-10 years. If you want to find out how to take advantage of this up and coming stock market boom, click here to read two chapters of my book for FREE. That’s right, there is no charge. And if the information grabs you, you’ll have two choices. You can either take a DIY approach or Get Help.
Both routes could lead you to financial freedom. But hurry, opportunities like this one don’t come around that often.
Your friend,
Stephen Sutherland
The UK’s Leading Authority in ISA Trend Investing and Author of Liquid Millionaire
Please Note: As always, let me remind you that I am not a financial adviser and therefore not authorised to give advice on what investments to buy or sell.
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