The active money SIPP gives you and your client the freedom to agree remuneration in the form that best suits you both. See our summary of remuneration options
The maximum remuneration you can take in relation to a single or transfer payment is 8% of that payment plus 1% Fund Based Renewal Commission.
Initial Remuneration |
Ongoing Remuneration |
|||
| Initial Commission (Max 5% of payment) | Funded Initial Commission (Max 3% of payment) |
Adviser Fee (Max 8% of payment) | Fund Based Renewal Commission Max 1%) |
Adviser Fee |
| 0% | 0% | 0-8% | 0-1% | Available |
| 0% | 1% | 0-7 % | 0-1% | Available |
| 0% | 2% | 0-6% | 0-1% | Available |
| 0% | 3% | 0-5% | 0-1% | Available |
| 0-1 % | 3% | 0-4% | 0-1% | Available |
| 0-2 % | 3% | 0-3% | 0-1% | Available |
| 0-3% | 2% | 0-3% | 0-1% | Available |
| 0-4% | 1% | 0-3% | 0-1% | Available |
| 0-5% | 0% | 0-3% | 0-1% | Available |
The maximum amount of commission you can take in relation to a client's regular payments is 25% of their first year's expected payments, plus 2.5% Level Commission on each payment made, plus 1% Fund Based Renewal Commission. In addition you can also take an Adviser Fee of up to 25% of their first year's expected payments.
Initial Remuneration |
Ongoing Remuneration |
|||
| Initial Commission (Max 25% of first year's payments) |
Level Commission (max 5% of each payment) |
Adviser Fee (Max 25% of first year's payments) |
Fund Based Renewal Commission (Max 1%) |
Adviser Fee |
| 0% | 5% | 0-25% | 0-1% | Available |
| 10% | 4% | 0-25% | 0-1% | Available |
| 15% | 3.5% | 0-25% | 0-1% | Available |
| 20% | 3% | 0-25% | 0-1% | Available |
| 25% | 2.5% | 0-25% | 0-1% | Available |
Daniel is a 31–year–old freelance business analyst, earning £40,000 a year. He recently bought his first property — a two–bedroom flat in a modern development right in the heart of Bristol city centre. For him, the location of his flat is key as he loves the buzz of city living and the fact that he lives so close to many of his clients.
At this stage in his life, Daniel is making the most of his disposable income by splashing out on good restaurants and nights out. Every year, he likes to go on a surfing holiday and a couple of golfing weekends with his friends. He enjoys life’s little luxuries, so he’ll usually stay in good accommodation.
At the moment, Daniel’s not interested in spending too much time managing his money. He’s just started thinking about investing his money rather than simply saving — particularly when it comes to his pension. While he normally researches financial products online, he feels he needs some additional guidance from an expert in planning for his future.
He’d like to start putting away money for tomorrow but as he wants to carry on enjoying a full social life, he only wants to invest £200 per month right now. This makes the active money personal pension the ideal starting point for him, as it offers him the opportunity to invest in a pension that is easy to manage. And, later on in life when he wants to become more involved with his money, he has the flexibility to switch to the more hands–on active money SIPP.
This case study is not based on a real life example and is for illustration only. Standard Life does not accept any responsibility for advice given based on this case study. Any advice given is the responsibility of the adviser. Other arrangements may be equally valid.
As a 40–year–old working mum of three, Amanda leads a hectic life. She works four days a week as an accountant, while her husband is a full–time PR consultant. As her role is part–time and she is able to work more flexible hours, she takes on the bulk of the childcare.
Both of them are passionate about their careers and work hard, but they like to make the most of their leisure time too, limited though it is. They love to travel and are keen to take the kids abroad as often as possible — at least once a year. Both of them love wine tasting and walking, so France and Italy are favourite destinations.
Amanda and her husband have always been careful with their money, saving as much as possible and searching out the best mortgage deals. Now they’re starting to do more with their money — moving from saving products towards building a portfolio of investments. They’re keen to build up a substantial pot of money for the future — they’re already putting money aside for their children’s school fees, as well as for their own retirement.
Amanda has a couple of old company pensions from her previous jobs, but she’s now looking for something with a bit more flexibility. While she’s keen to prepare for her financial future, she wants an easy–to–manage pension that gives her complete control over her payments — so the active money personal pension offers her the flexibility she needs. What’s more, she might even be interested in combining her various pension investments in the future, so it would be good to have that option available too.
This case study is not based on a real life example and is for illustration only. Standard Life does not accept any responsibility for advice given based on this case study. Any advice given is the responsibility of the adviser. Other arrangements may be equally valid.
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