Why choose our SIPP?
Our SIPP offers:
- More choice: invest in our insured funds plus a wide range of external investments
- More control: choose from a range of options when it comes to taking money from the pension plan at retirement
- More flexibility: clients have the freedom to pay as much as they want, when they want
SIPP benefits
Wide investment range
Give clients access to insured funds, mutual funds and wider investment options such as Discretionary Investment Managers (DIMs)
Transfer other plans
Transfer pensions into our SIPP for more control – this might not be right for everyone.
Specialist support
Our dedicated client management team will work with our servicing team to support your business.
Quote and apply online
It’s quick and easy to get a quote, complete applications, submit new business and top up online without the need for a signature.
Flexible income options
Your clients have various options at retirement, including flexi access and tailored drawdown.
Flexible charging options
With the SIPP, you can charge for your advice in a way that suits you and your clients.
Streamline your business
Integrate our online services and functions into your systems to help streamline your processes.
Manage clients online
Use our online Client View to review your client’s plan, complete fund switches, create reports and more.
SIPP investment options
Our SIPP offers access to a wide range of investments, including insured funds, mutual funds, cash deposits, Discretionary Investment Managers (DIMs), exchange traded funds, structured products, government bonds, corporate bonds, commercial property and insurance company funds or policies.
Charges and payment limits
The charges for the SIPP depend on the type of funds you choose for your client.
The information below details the minimum payment limits (gross of tax) for our SIPP. Please note that there’s no minimum amount for additional single or transfer payments.
|
Minimum payments to start a SIPP |
Minimum payments for existing SIPPs For customers with a plan value greater than £50,000 they must pay at least: |
|---|---|
| £300 a month | £100 a month |
| £3,000 a year | £1,000 a year |
|
£10,000 for single or transfer payments |
Discounts
Your client may receive a yearly discount based on how much is invested in their plan. You can find out more in our choices and charges guide below.
Active Money SIPP charges
| Total value of funds (Level 1 and 2) |
Level 1 fund discount (to 24 May 2022) |
Level 1 fund discount (from 25 May 2022) |
|---|---|---|
|
£0 to £24,999 |
0.3% | 0.3% |
|
£25,000 to £249,999 |
0.3% | 0.5% |
|
£250,000 to £499,999 |
0.4% | 0.5% |
|
£500,000 + |
0.5% | 0.5% |
The changes to Fund Discounts will apply to new and existing customers.
Drawdown
We offer a full suite of drawdown flexibility through our Active Money Personal Pension and Self Invested Personal Pension products. Clients can take a flexible regular income from their pension plan – and they can change their income at any time.
SIPP literature
Our literature library has all the useful information, forms, guides and key documents you need for our SIPP
Documents to read and download
Statement of target market
This document provides more target market and suitability information for our SIPP.
View the statement of target market
SIPP Terms and Conditions
Terms and conditions for the Self Invested Personal Pension
Key features
Give your clients more information on the main features, benefits and risks of this product.
Choices and charges
Find out more information about the investment options and charges for our SIPP.