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Jupiter designs Sipp

Jupiter Unit Trust Managers has entered the retail pensions market with its first self-invested personal pension.

The SIPP is a full scheme and has been designed to give investors a last chance to take advantage of the carry forward/carry back rules, which are set to change in April 2001.

Contributions made before January 31 in any year can still be treated as payment for the previous year. However, investors will no longer be able to carry forward contributions to the next tax year.

The Jupiter SIPP gives clients the choice of investing entirely in Jupiter funds or including a mix of other investments from external companies ncluding other unit trusts, insurance company funds and commercial property. T. However, this is subject to the condition that at least £10,000 is invested in the Jupiter range of funds.

Other Sipps of this kind have a wider range of funds, such as Winterthur Life’s full Sipp have a wider range of funds from different management groups. This SIPP does not require minimum amounts to be invested in particular areas, unlike the Jupiter SIPP.

The Jupiter SIPP is suitable for the self-employed and could be particularly suitable for company executives, but it is likely to face some competition when stakeholder pensions come into effect.

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