Schedule of Fees. for the Suffolk Life MasterSIPP. From 1 June 2015

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Schedule of Fees. for the Suffolk Life MasterSIPP. From 1 June 2015"

Transcription

1 Schedule of s for the Suffolk Life MasterSIPP From 1 June 2015 This document is part of a set, all of which should be read together: Key Features Your Personal Illustration Schedule of s Schedule of Allowable Investments Terms and Conditions Application Form

2 This document sets out the fees for establishing and administering a Suffolk Life MasterSIPP. We ve highlighted the technical terms and included explanations of these in the Terms explained section on page 7. All fees are subject to VAT unless otherwise stated. Establishment and annual fees Establishment fee 300 at outset Annual administration fee 545 in advance What are the establishment fee and annual fee for? The establishment fee covers: verification that our application form is fully completed (including correct anti-money laundering documentation), and the creation of the plan, including opening the default SIPP bank account. The annual fee includes: all general communications, the preparation of the reconciled annual statement, and fulfilling regulatory requirements. Transfers in fees Cash transfer in - streamlined transaction nil Other cash transfers in 75 each transfer (max 300) In specie transfer in 150 Transfer in of crystallised funds additional 155 each sub plan (max 310 for each scheme) What is a streamlined cash transfer? This is where Origo Options is used or the adviser provides a completed transfer discharge form and chases the transferring pension scheme up to the point of the transfer. Does the in specie transfer fee include your fees for transfer of a property? No. The in specie transfer in fee is payable in addition to any property fees which are due if property is transferred as an investment. Please see the Investing in property fees section for details. 2

3 (continued) Contribution fees Contributions in Euros or US Dollars 100 Refund of contribution (where allowed) 25 In specie contribution (each investment) 700 How do the fees for in specie contributions work? The process is complex and needs more than just transferring the assets as it also involves the establishment of a debt and the settlement of the debt with the assets rather than cash. This involves significant work from us, you and your adviser, if applicable. Our fee covers the cost of handling the contribution up to the point where we are required to chase for settlement of the debt. From then on we will charge on a time cost basis. The full details of the process and risks are detailed in the Using investments to make a personal contribution guide available from our website or on request. Investment fees Investment dealing within an investment firm account: - an e-investment affiliate nil - a non e-investment affiliate each transaction 25 Investments held directly each transaction 50 (max 150) Establish or process transaction on a fixed term deposit account 50 non e-investment affiliate annual fee - each plan 100 Unregulated Collective Investment Scheme (UCIS) annual fee - each plan 150 in advance Change of investment firm 150 Connected party transaction 250 Corporate action (when processed through Suffolk Life) 25 Why do you charge for transactions made through non e-investment affiliates? Where an investment firm does not supply electronic data in a form acceptable to us, we must receive paper contract notes and manually enter these into our systems. A purchase and sale are regarded as two transactions. Where the first holding with a non e-investment affiliate is bought or transferred in part way through the year, we will charge a full annual fee for the period to the next anniversary. Is a single investment application for two directly held funds, one or two transactions? This will count as two transactions. We apply a transaction fee for each individual fund purchased or sold but we cap the charge at three transaction fees. So, a single application for three or more funds will attract a maximum charge of 150. Why do you charge for holding an Unregulated Collective Investment Scheme (UCIS)? This is for the enhanced controls and monitoring to meet our regulatory requirements. Where the first UCIS holding is bought or transferred in part way through a year, we will charge a full annual fee for the period to the next anniversary. Do your fees include the investment firm s fees? No, our investment transaction fees relate to the recording and reconciling of investment transactions by us and do not include your investment firm s fees and charges. You should ask your adviser for a copy of your investment firm s documentation including their charges. This will be between you and your investment firm. 3

4 (continued) Investing in property fees Annual property facility fee (for each plan for each property) 100 Additional annual fee for VAT elected properties (for each property) 150 (VAT exempt) in advance Purchase/transfer in specie acquisition fee - panel solicitor 1,450 (VAT exempt) - off panel solicitor Annual property accounting fee (only for properties partly owned by Suffolk Life) Annual property management fee (only for properties wholly owned by Suffolk Life) around 1,700 to 1,900 (VAT exempt) around 600 (VAT exempt) around 700 (VAT exempt) in arrears Sale, disposal or transfer out in specie - panel solicitor 600 (VAT exempt) - off panel solicitor Variation of proportion of property ownership around 600 to 800 (VAT exempt) around 500 to 700 (VAT exempt) How do you calculate fees for dealing with the purchase of property? Where a solicitor from our panel is selected there is a fixed fee, otherwise our fee is principally time cost based reflecting time spent and the degree of responsibility involved. For more information on our panel of solicitors, including their fees, please see our Panel of Solicitors document, available on our website. Solicitor and valuer fees, together with all disbursements relating to the acquisition, sale or management of any property, are payable from your plan. The property facility fee reduces dependent on the number of investors in the property. If 1-5 investors hold the property there is a fee of 100 plus VAT for each investor, 6-20 there is a fee of 50 plus VAT for each investor and 21+ the fee drops to 25 plus VAT for each investor. What do you do for your property management fee? We deal with all general property management issues including invoicing the tenant for rent, chasing any rent arrears, insuring the property on our block policy, invoicing the tenant for the insurance premium, making loan repayments and dealing with tenants requests concerning matters such as assignments, underlettings and alterations. This fee is charged to the property account so where we wholly own the property on behalf of more than one plan it will be paid by each plan on a pro rata basis in accordance with the ownership percentage. This fee applies only to the properties wholly owned by Suffolk Life and not those jointly owned by Suffolk Life with another party. Property inspections are not included in the property management fee. What do you do for your property accounting fee? This fee does not apply when we wholly own a property on behalf of plan holders. Instead, it applies when we own a share of the beneficial interest in the property and the legal title is held by a nominee. The fee covers our time spent: corresponding with the nominee; chasing the nominee for accounting information and if necessary receiving funds from and transferring funds to the nominee; reconciling the nominee s accounts; posting this information on our system; and obtaining and recording details of the property insurance where the nominee insures it or insuring the property where it has been agreed that we will arrange the insurance. This fee is charged to the property account so where we own a beneficial interest in the property on behalf of more than one plan it will be paid by each plan on a pro rata basis in accordance with the ownership percentage. Do you charge VAT on property fees? When we acquire a property or an interest in a property it is through Suffolk Life Annuities Limited (an authorised insurance company) or its nominee. Because insurance business is currently exempt from VAT, there is no VAT payable on any fees relating directly to the property investment. This includes the acquisition fee, management fee, accounting fee and the fee for VAT elected properties. The annual property facility fee is subject to VAT. 4

5 (continued) Benefits and payment fees Drawdown set up The lifetime allowance test at age 75 Switching capped drawdown plans to flexi-access drawdown Annual income facility fee (where income is taken) Uncrystallised funds pension lump sum (UFPLS) payment 155 each event 155 each sub-plan (max 310) 155 each payment in advance Annuity purchase 100 Review of income limits for a capped drawdown plan (carried out at least every three years prior to age 75 and annually thereafter) 155 each sub-plan Payment of the total remaining fund through flexi-access drawdown or UFPLS 300 What do your fees for taking retirement benefits cover? The drawdown set up and UFPLS payment fees cover the work required to reconcile and revalue the plan in accordance with legislation and then pay any lump sum payments due. A drawdown set up fee will be charged for each designation to either capped drawdown or flexi-access drawdown. An annual income facility fee covers: the administration of PAYE payroll, deduction of tax if required, making the appropriate returns to Her Majesty s Revenue & Customs (HMRC), and the facility to vary the level and frequency of income payments. The review of capped drawdown income limits covers the work required to reconcile and revalue the plan and calculate the new maximum income in accordance with legislation. A fee will be charged if the remaining fund is taken as pension income through flexi-access drawdown or UFPLS. This fee covers the reconciliation of the plan, making the final payment and reporting to HMRC. Transfers out fees Cash transfer out 100 In specie transfer 150 Transfer to an overseas pension scheme additional 150 Forwarding money to the receiving scheme after the plan is closed 100 Does the in specie transfer fee include your fees for transfer of a property? No. The in specie transfer fee is payable in addition to any property fees which are due if property is transferred as an investments. Please see the investing in property fees section for details. What do you do if you receive additional money following the transfer? We may receive dividends and other money after the transfer has completed. We will amalgamate these for six months after your plan is closed and forward them to the receiving scheme (less a fee). If our fee is more than the money we received, we will keep the money. 5

6 (continued) Other fees (including banking/borrowing) Day to day debits and credits (including BACS and cheque payments) Payments made by Faster Payments and CHAPS nil The prevailing rate as charged by the Bank of Scotland, currently: 3 - Faster Payments, and 10 - CHAPS. To prepare additional reconciled valuation time cost min 100 Establishment, variation, reduction or repayment of loan facility time cost Annual borrowing facility fee (each plan) 100 in advance What are the fees if my plan borrows money? If your plan borrows to purchase property, the initial costs of dealing with the mortgage will be charged for principally on a time cost basis as part of the overall purchase process. If your plan borrows for any other purpose, there is a fee for arranging the loan and a facility fee for ongoing maintenance and monitoring of the loan, as set out in preceding pages of this schedule. Additional fees will be charged on a time cost basis should the borrowing be varied, such as part or full repayment. General Notes Please note: references throughout this documents to we, us and our are to Suffolk Life Pensions Limited. How does VAT apply to fees? Plans are written under a trust arrangement and therefore the fees are liable to VAT at the standard rate. Insurance arrangements are, however, exempt from VAT, and as commercial property is held through a selfinvested insurance policy no VAT will apply. We will calculate all the VAT liabilities and collect these from your plan as appropriate. When are fees due? The establishment fee and the first annual fee are due on the commencement date (as defined in your membership schedule). Subsequent annual fees are paid in advance on each subsequent anniversary. The income, property, non e-investment affiliate, Unregulated Collective Investment Scheme and borrowing facility fees when applicable are payable in advance. The first property facility fee is charged from the time it becomes payable to the next plan anniversary on a pro rata basis. The property management fee and property accounting fee are taken in arrears. All other fees quoted are paid from your SIPP bank account on completion of each transaction. We will not refund (in part or in full) any fees that have already been charged: on payment of the total remaining fund through flexi-access drawdown or UFPLS; or when a transfer out is initiated. Can you increase your fees? Yes. Please see the Terms and Conditions for the details. Do you charge interest on overdue fees? If fees are not paid within 30 days they will become overdue. Interest is charged on overdue fees at 2% above the Bank of Scotland yearly base rate. Are there any additional fees? We reserve the right to charge for additional services on a time-cost basis relevant to the expertise and seniority of our staff involved. We will either provide an estimate of the charge or the basis on which it will be calculated for your acceptance before the work is carried out. Do you receive any other income in relation to my plan? Yes. Where the rate of interest earned by any SIPP bank account is less than the interest paid to Suffolk Life across all the accounts that Suffolk Life has with the bank, we will retain the difference. We will also make arrangements for insuring property held for your plan on our block policy. If any income is earned by us in respect of such arrangements, we will retain it. In certain circumstances we may also receive income from investment transactions (including transactions using Stocktrade) and the holding of investments by an investment firm (including those on the Cofunds platform). We will inform you before we receive income from another investment firm you have chosen for your MasterSIPP. Is there anything else I should know? All expenses, charges and outgoings whether in respect of the investments contained in your plan (including the costs of purchase, sale, management, maintenance and valuation of freehold and leasehold properties, if any, and other investments) or other expenses however incurred shall be charged to your plan. In the event of any levy, taxation or other charge being imposed on us directly attributable to your plan under any statutory provision, we may recover from your plan an amount in direct proportion. The amount will be calculated on the same basis. 6

7 Terms explained Capped drawdown Connected party transaction A way of taking a pension income directly from your drawdown pension fund which is subject to an annual limit set by HMRC. Capped drawdown is only available under your plan if the drawdown pension fund of part or all of an arrangement was designated to capped drawdown on or by 5 April This includes amongst others, your spouse, registered civil partner, children, parents, brothers, sisters and other direct descendants and ancestors of you and your spouse or registered civil partner. If you need more information, please contact us or your adviser. A connected party is defined (as a connected person ) in Section 993 of the Income Tax Act Corporate action An event initiated by a public company or collective investment scheme that affects the securities issued by that company and requires a response from us. Crystallised The part of your plan from which you have taken drawdown benefits. E-investment affiliate A company with whom we are able to exchange information electronically, cutting out the need to manually handle paper. Flexi-access drawdown A way of taking a pension income directly from your drawdown pension fund that allows unlimited withdrawals. In specie The transfer of an asset other than cash. For example, you may ask us to request an in specie transfer from your current pension scheme. In these cases, we will receive the investments that makeup your pension instead of solely a cash transfer. Investment firm A firm appointed by you to manage the investments within the plan on your behalf or to carry out your investment instructions. Origo Options A secure web-based tool that facilitates the exchange of information between pension schemes that has introduced efficiencies into the transfer process. Transfer in Transferring the value of pension benefits from an existing pension scheme to your plan either in cash or in specie (see above). Unregulated Collective A collective investment scheme that has not been Investment Scheme (UCIS) authorised or recognised by the Financial Conduct Authority. Uncrystallised funds A way of taking retirement benefits as a lump sum. pension lump sum (UFPLS) 7

8 Suffolk Life, 153 Princes Street Ipswich, Suffolk, IP1 1QJ, UK T F We may record and monitor calls. Call charges will vary. Suffolk Life Pensions Limited is authorised and regulated by the Financial Conduct Authority (number ) and is registered in England and Wales (number ). Registered office: 153 Princes Street, Ipswich, Suffolk, IP1 1QJ, United Kingdom. Q May 2016

Flexible Retirement Account

Flexible Retirement Account Flexible Retirement Account Schedule of Fees and Services This document helps you understand the fees for establishing and administering a Flexible Retirement Account. It also provides you with a comprehensive

More information

Elite Retirement Account

Elite Retirement Account Elite Retirement Account Schedule of Fees & Services This document helps you understand the fees for establishing and administering a SIPP. It also provides you with a comprehensive guide to all costs,

More information

Key Features. of the Suffolk Life SIPP (Deed Poll Scheme)

Key Features. of the Suffolk Life SIPP (Deed Poll Scheme) Key Features of the Suffolk Life SIPP (Deed Poll Scheme) This document is part of a set, all of which should be read together. Key Features Your Personal Illustration Schedule of Fees Schedule of Allowable

More information

The Carey Pension Scheme SIPP Fee Schedule

The Carey Pension Scheme SIPP Fee Schedule The Carey Pension Scheme SIPP Fee Schedule IMPORTANT NOTES These notes should be read in conjunction with the Terms and Conditions of the Carey Pension Scheme SIPP 1. You must maintain a minimum balance

More information

PORTFOLIO PLUS SELF INVESTED PERSONAL PENSION (COFUNDS) (CP) TERMS SHEET.

PORTFOLIO PLUS SELF INVESTED PERSONAL PENSION (COFUNDS) (CP) TERMS SHEET. PORTFOLIO PLUS SELF INVESTED PERSONAL PENSION (COFUNDS) (CP) TERMS SHEET. This is an important document which you should keep in a safe place. 2 TERMS SHEET. This document details charges applicable to

More information

Schedule of Allowable Investments

Schedule of Allowable Investments Schedule of Allowable Investments for the Suffolk Life MasterSIPP This document is part of a set, all of which should be read together. Key Features Your Personal Illustration Schedule of Fees Schedule

More information

Close Brothers Self Directed Service Key Features and Charges

Close Brothers Self Directed Service Key Features and Charges Close Brothers Self Directed Service Key Features and Charges Contents 1) Key Features of the Close Stocks & Shares ISA and Close Cash ISA 2) Key Features of the Close Investment Account 3) Key Features

More information

Pru Flexible Retirement Plan

Pru Flexible Retirement Plan For Adviser use only not approved for use with clients Adviser Guide Pru Flexible Retirement Plan Fast Facts Personal Pension and Drawdown with SIPP Options Prudential offers a personal pension and drawdown

More information

SCHEDULE OF SIPP FEES

SCHEDULE OF SIPP FEES SCHEDULE OF SIPP FEES JULY 2016 Westerby Trustee Services Limited, 1 & 2 St Matthews Business Centre, Gower Street, Leicester, LE1 3LJ Registered in England & Wales No. 02562924. Tel: 0116 326 0183 Fax:

More information

SELECT SIPP. Taking pension benefits guide

SELECT SIPP. Taking pension benefits guide SELECT SIPP Taking pension benefits guide Please read this guide in conjunction with the Alliance Trust Savings Handbook and the appropriate Key Features documents. Alliance Trust Savings does not give

More information

Key Features of the Ascentric Pension Account (SIPP)

Key Features of the Ascentric Pension Account (SIPP) Key Features of the Ascentric Pension Account (SIPP) Introduction The Financial Conduct Authority is a financial services regulator. It requires us, Investment Funds Direct Limited (IFDL), to give you

More information

RETIREMENT ACCOUNT ADVISER TECHNICAL GUIDE

RETIREMENT ACCOUNT ADVISER TECHNICAL GUIDE RETIREMENT ACCOUNT ADVISER TECHNICAL GUIDE This information is for UK financial adviser use only and should not be distributed to or relied upon by any other person. INTRODUCTION THE RETIREMENT ACCOUNT

More information

Charges Guide. This is an important document which you should keep.

Charges Guide. This is an important document which you should keep. s Guide! This is an important document which you should keep. 2 Alliance Trust Savings s Guide About our charges When you invest through Alliance Trust Savings you can expect to pay two different types

More information

THE GREYFRIARS PREFERRED RETIREMENT ACCOUNT (GPRA) A SELF-INVESTED PERSONAL PENSION (SIPP) KEY FEATURES DOCUMENT

THE GREYFRIARS PREFERRED RETIREMENT ACCOUNT (GPRA) A SELF-INVESTED PERSONAL PENSION (SIPP) KEY FEATURES DOCUMENT 1. Introduction: Before you proceed with your SIPP we want you to be sure that you know what the decision will mean for you; what the plan is, how it works and what the risks are. This key features document

More information

Fee schedule Single Investment SIPP

Fee schedule Single Investment SIPP Fee schedule Single Investment SIPP 1 Your specialist pension provider For more than 30 years we ve provided our pension members with access to specialist pension products and services. Our focus is always

More information

BENEFIT PAYMENT FORM For Clients of Financial Advisers

BENEFIT PAYMENT FORM For Clients of Financial Advisers BENEFIT PAYMENT FORM For Clients of Financial Advisers Every section must be completed. This form will be used to establish your Pension Benefits on an advised basis, i.e. with a regulated financial adviser

More information

Flexible SIPP. a true partnership approach. Barnett Waddingham Flexible SIPP. Schedule of Fees

Flexible SIPP. a true partnership approach. Barnett Waddingham Flexible SIPP. Schedule of Fees Barnett Waddingham Schedule of Fees Important - please read This document sets out our fees for establishing and administering your Barnett Waddingham. This document is legally binding between BW SIPP

More information

Data Capture Form. for the SmartSIPP

Data Capture Form. for the SmartSIPP Data Capture Form for the SmartSIPP This form is for your internal use only. Please do not return it to us. You will need to: complete the online SmartSIPP application return the signed application form

More information

UNLISTED COMPANY SHARES. Your how to guide

UNLISTED COMPANY SHARES. Your how to guide UNLISTED COMPANY SHARES Your how to guide Background Since the introduction of the changes to pensions (often referred to as pension simplification) on 6 April 2006 it has been possible for SIPPs to invest

More information

For professional advisers only CLEAR CHARGES. Pension Portfolio. royallondon.com

For professional advisers only CLEAR CHARGES. Pension Portfolio. royallondon.com For professional advisers only CLEAR CHARGES Pension Portfolio royallondon.com INTRODUCTION At Royal London, we re all for making pensions as transparent as possible. That s why we want you to be clear

More information

Key features. For customers One Retirement

Key features. For customers One Retirement For customers One Retirement Key features Contents Its aims 02 Your commitment 02 Risks 03 Questions and answers 04 Secure retirement income (SRI) 08 Other information 11 How to contact us 12 The Financial

More information

Elite Retirement Account TM

Elite Retirement Account TM Elite Retirement Account TM Key Features of the Elite Retirement Account The Elite Retirement Account (ERA) is a Self Invested Personal Pension (SIPP). A SIPP is a personal pension that allows you greater

More information

KEY FEATURES OF THE OPENWORK PENSION ACCOUNT (SIPP)

KEY FEATURES OF THE OPENWORK PENSION ACCOUNT (SIPP) KEY FEATURES OF THE OPENWORK PENSION ACCOUNT (SIPP) 2 INTRODUCTION The Financial Conduct Authority is a financial services regulator. It requires us, Investment Funds Direct Limited (IFDL), to give you

More information

Individual Savings Account Supplementary Terms

Individual Savings Account Supplementary Terms Individual Savings Account Supplementary Terms Individual Savings Account Supplementary Terms and Conditions for Stocktrade Retail Clients forming part of the Agreement between Stocktrade (a division of

More information

SIPP benefit form income drawdown and lump sum payments

SIPP benefit form income drawdown and lump sum payments SIPP ISA Dealing Junior ISA SIPP benefit form income drawdown and lump sum payments Please complete this form if you want to access your pension and take income as lump sums or income drawdown. If you

More information

Retirement Retirement Wealth Account Charges

Retirement Retirement Wealth Account Charges Retirement Retirement Wealth Account Charges Charges as at 1 July 2016 Applicable to plans issued before 1 September 2014 The following information supports the illustration you have received from your

More information

Zurich Stocks and Shares ISA. Terms and conditions

Zurich Stocks and Shares ISA. Terms and conditions Zurich Stocks and Shares ISA Terms and conditions Contents Introduction 3 The Terms and conditions 3 Roles and responsibilities 3 Risks 3 Terms and conditions 4 21) Your contract with us 4 22) Roles and

More information

Aviva Self Invested Personal Pension

Aviva Self Invested Personal Pension For financial advisers only. Not approved for use with clients. Aviva Self Invested Personal Pension Charges and investment limits summary for financial advisers The information contained within this document

More information

International Bond Key features

International Bond Key features International Bond Key features This is an important document. Please read it and keep for future reference. Helping you decide This key features document contains important information about the main

More information

TRUSTEE TRANSFER PLAN Policy Document

TRUSTEE TRANSFER PLAN Policy Document TRUSTEE TRANSFER PLAN Policy Document [2] POLICY DOCUMENT TRUSTEE TRANSFER PLAN Contents 1. Introduction 4 2. Payments to us 6 3. Charges 7 4. Benefits payable under the Policy 8 5. Investments under the

More information

SIPP ISA Dealing Junior ISA SIPP benefi ts guide

SIPP ISA Dealing Junior ISA SIPP benefi ts guide SIPP ISA Dealing Junior ISA SIPP benefits guide Contents Introduction SIPP benefits - the basics Annuity, income drawdown and taxable lump sums the commitments and risks 3 Your benefits options Lump sums

More information

A Guide to. Self Invested Personal Pension Schemes (SIPPS)

A Guide to. Self Invested Personal Pension Schemes (SIPPS) A Guide to Self Invested Personal Pension Schemes (SIPPS) Prepared by: John Hebblethwaite APFS CFP Chartered Financial Planner Managing Director May 2011 Contents Introduction... 3 Eligibility... 4 Contributions...

More information

Bespoke Property and Land Purchase Application Form Guidance

Bespoke Property and Land Purchase Application Form Guidance Bespoke Property and Land Purchase Application Form Guidance Document reference H302G Quick actions: This document provides guidance on how you should complete H302 Bespoke Property and Land Purchase Application

More information

Important information. Key Features of the Flexible Retirement Plan (Personal Pension Plan with SIPP options)

Important information. Key Features of the Flexible Retirement Plan (Personal Pension Plan with SIPP options) Important information Key Features of the Flexible Retirement Plan (Personal Pension Plan with SIPP options) > Contents About this booklet 3 About our Flexible Retirement Plan 4 Who can take out a Flexible

More information

Other u please specify. National Insurance number

Other u please specify. National Insurance number Application reference number For office use only Benefit Crystallisation Event Request applying for an annuity with another provider *SFBCY0400F* For use with the Collective Retirement Account (CRA) For

More information

Death Benefit Request Form

Death Benefit Request Form Death Benefit Request Form For commencing benefits to a beneficiary when a member has died. This form should be completed and signed by the nominated beneficiary. We require a separate form to be completed

More information

Guide to SIPPs. Investment Helpdesk: 0131 550 1212. www.cs-d.co.uk

Guide to SIPPs. Investment Helpdesk: 0131 550 1212. www.cs-d.co.uk Investment Helpdesk: 0131 550 1212 www.cs-d.co.uk SIPP stands for Self Invested Personal Pension. SIPPs are a flexible type of personal pension. Like most, they are designed to provide a retirement pot

More information

Contents. Aims, commitments and risks. Questions and answers. Contributions. Transfers. Investments

Contents. Aims, commitments and risks. Questions and answers. Contributions. Transfers. Investments SIPP ISA Dealing Junior ISA SIPP key features The Financial Conduct Authority is the independent financial services regulator. It requires us, AJ Bell Management Limited, to give you this important information

More information

MERCHANT SECURITIES LIMITED ISA SUPPLEMENTARY TERMS & CONDITIONS

MERCHANT SECURITIES LIMITED ISA SUPPLEMENTARY TERMS & CONDITIONS MERCHANT SECURITIES LIMITED ISA SUPPLEMENTARY TERMS & CONDITIONS INTRODUCTION 1. These Individual Savings Account Services Supplementary Terms (referred to hereafter as the Supplementary Terms ) apply

More information

Telegraph Investor SIPP Payment of Benefits Guidance Notes

Telegraph Investor SIPP Payment of Benefits Guidance Notes Under the HMRC pension legislation you can take your benefits from age 55, or younger on ill health grounds (see section below). Please note that you do not have to leave employment to draw your benefits

More information

experienceandexpertise Pensions Landscape Claire Trott Head of Technical Support

experienceandexpertise Pensions Landscape Claire Trott Head of Technical Support Pensions Landscape Claire Trott Head of Technical Support Agenda Benefits options overview Taxation issues Death of the death tax? Money purchase annual allowance rules. Benefits options overview Options

More information

SIPP benefit form drawdown and lump sum payments

SIPP benefit form drawdown and lump sum payments Stockbrokers SIPP benefit form drawdown and lump sum payments Please complete this form if you want to access your pension and take benefits as a lump sum or income drawdown. If you want to take an annuity

More information

Offshore Savings Account Key Features

Offshore Savings Account Key Features Offshore Savings Account Offshore Savings Account Key Features This document shows the main points about your Offshore Savings Account. Please read it with your personal illustration and keep it with the

More information

Residential mortgages general information

Residential mortgages general information Residential mortgages general information Residential mortgages general information 2 Contents Who we are and what we do 2 Forms of security 2 Representative Example 2 Indication of possible further costs

More information

QUICK GUIDE TO ISAs 2014/2015

QUICK GUIDE TO ISAs 2014/2015 INDIVIDUAL SAVINGS ACCOUNTS 2014/2015 An Individual Savings Account (ISA) is not an investment in its own right rather it is a type of account that can be used to undertake tax-advantageous investment.

More information

Commercial Property Disposals Guide

Commercial Property Disposals Guide Commercial Property Disposals Guide (For James Hay Modular isipp, Private Client SIPP, Select SIPP, Wrap SIPP, Partnership SIPP, Family SIPP, IPS SIPP, IPS 2008 SIPP and IPS Pension Builder only) Contents

More information

Managed Fund Service. Terms and Conditions

Managed Fund Service. Terms and Conditions Managed Fund Service Terms and Conditions Important Information These are the Terms and Conditions for your Balkerne Asset Management Managed Fund Service. You are advised to read them carefully. The terms

More information

Your guide to our charges. Stockbrokers

Your guide to our charges. Stockbrokers Your guide to our charges Stockbrokers Dealing charges These charges relate to the following: Accounts: Investment ISA / MarketMaster / SIPP / Pension Trader / Company Dealing Investment Types: All investment

More information

Client Agreement document

Client Agreement document Client Agreement document for Burton and Fisher Financial Services Introduction This document is aimed at providing you with an overview of Burton and Fisher Financial Services and to introduce you to

More information

Beaufort Self Invested Personal Pension

Beaufort Self Invested Personal Pension Beaufort Self Invested Personal Pension Terms and Conditions Version 0.2 2015 This is an important document which sets out the terms and conditions of your Self Invested Personal Pension (SIPP) and how

More information

WESTERBY TRUSTEE SERVICES LTD PROPERTY PURCHASE GUIDE

WESTERBY TRUSTEE SERVICES LTD PROPERTY PURCHASE GUIDE WESTERBY TRUSTEE SERVICES LTD PROPERTY PURCHASE GUIDE The purpose of this guide is: 1. To answer some frequently asked questions about the purchase of property or land as a pension scheme asset. 2. To

More information

The SIT SIPP. Self Invested Personal Pension. Key Features

The SIT SIPP. Self Invested Personal Pension. Key Features The SIT SIPP Self Invested Personal Pension Key Features The SIT SIPP Key Features The Financial Conduct Authority is the independent financial services regulator. It requires us, AJ Bell Management Limited,

More information

Schedule of Fees and Charges

Schedule of Fees and Charges Schedule of Fees and Charges Standard Home Loans - Variable Rate and Fixed Rate (bcu's standard home loan is defined as a loan secured by one residential property) Guide to pre-settlement fees and charges

More information

A GUIDE TO RETIREMENT ANNUITY TRUST SCHEMES ( RATS ) IN GUERNSEY

A GUIDE TO RETIREMENT ANNUITY TRUST SCHEMES ( RATS ) IN GUERNSEY A GUIDE TO RETIREMENT ANNUITY TRUST SCHEMES ( RATS ) IN GUERNSEY TABLE OF CONTENTS INTRODUCTION... 3 WHAT IS A RETIREMENT ANNUITY TRUST SCHEME?... 3 THE TRUSTEES... 4 APPROVAL... 4 TRANSFERS FROM OTHER

More information

Terms and conditions of the smart + Trading Account from AXA Self Investor

Terms and conditions of the smart + Trading Account from AXA Self Investor Terms and conditions of the smart + Trading Account from AXA Self Investor Terms and conditions of the smart + Trading Account 02 Introduction These Terms and conditions of the smart + Trading Account

More information

Retirement Mortgage Product summary

Retirement Mortgage Product summary Retirement Mortgage Product summary The Retirement Mortgage from Hodge Lifetime provides you with a flexible way to borrow money in retirement. A legal charge is secured on your home. AIMS The Retirement

More information

Elevate. Your guide to the Elevate Pension Investment Account. I need a pension that will look after me and my family

Elevate. Your guide to the Elevate Pension Investment Account. I need a pension that will look after me and my family Elevate Your guide to the Elevate Pension Investment Account 1 I need a pension that will look after me and my family What is Elevate? 5 What is the Elevate PIA? 6 Choosing Investments 12 Your options

More information

J.P. Morgan ISA and J.P. Morgan Investment Account

J.P. Morgan ISA and J.P. Morgan Investment Account Key Features and Terms and Conditions Effective from 7 December 2015 J.P. Morgan ISA and J.P. Morgan Investment Account For J.P. Morgan Account holders TABLE OF CONTENTS PAGE 2 2 8 9 12 22 23 24 KEY FEATURES

More information

Information about tax relief, limits and your pension

Information about tax relief, limits and your pension Information about tax relief, limits and your pension Published: August 2015 Laws and tax rules have changed in 2015. The information here is based on our understanding in August 2015. Your personal circumstances

More information

Pensions in Property Guide

Pensions in Property Guide Content 1 Introduction 2 Novia SIPP and Direct Commercial Property 3 Fund Manager 4 The PHG Asset and Property Management Service 5 The Property Purchase Process 5.1 Assessing the suitability of the property

More information

VIRGIN STOCKS & SHARES ISA CONDITIONS

VIRGIN STOCKS & SHARES ISA CONDITIONS VIRGIN STOCKS & SHARES ISA CONDITIONS 1 PLEASE MAKE SURE YOU READ THESE CONDITIONS AS THEY CONTAIN INFORMATION YOU NEED TO KNOW This agreement is governed by the Individual Savings Account Regulations

More information

Active Money Personal Pension Key Features

Active Money Personal Pension Key Features Active Money Personal Pension Key Features This is an important document. Please read it and keep for future reference. The Financial Conduct Authority is the independent financial services regulator.

More information

Mortgages Guide. From http://limetreefs.co.uk 1

Mortgages Guide. From http://limetreefs.co.uk 1 Mortgages Guide Mortgages revealed... The explanations below are intended to give you an insight into some of the more common terms associated with the mortgage process. Repaying the Mortgage Whichever

More information

Key Features of the Prudential Personal Pension Scheme

Key Features of the Prudential Personal Pension Scheme Key Features of the Prudential Personal Pension Scheme Important information you need to read The Financial Conduct Authority is the independent financial services regulator. It requires us, Prudential,

More information

A guide to pension tax

A guide to pension tax A guide to pension tax Footer info Zurich Blue 2 or White Contents About this guide 3 Tax treatment of payments 4 Eligibility to receive tax relief on payments Tax relief on payments made to pension schemes

More information

ABOUT OUR SERVICES AND COSTS AND HOW WE DO BUSINESS WITH YOU

ABOUT OUR SERVICES AND COSTS AND HOW WE DO BUSINESS WITH YOU Wesleyan Financial Services Ltd Colmore Circus Birmingham B4 6AR ABOUT OUR SERVICES AND COSTS AND HOW WE DO BUSINESS WITH YOU About this document This document explains the service we offer, how you will

More information

Halifax Share Dealing SIPP

Halifax Share Dealing SIPP Halifax Share Dealing SIPP Benefit form - income drawdown and lump sum payments Please complete this form if you want to access your pension and take benefits as a lump sum or income drawdown. If you want

More information

How can a SSAS benefit you & your company?

How can a SSAS benefit you & your company? THE SMALL SELF ADMINISTERED SCHEME WESTERBY TRUSTEE SERVICES LTD How can a SSAS benefit you & your company? THE SMALL SELF ADMINISTERED SCHEME GIVING YOU CONTROL OF YOUR PENSION With corporation tax relief

More information

THE SIT SIPP. Self Invested Personal Pension. Benefit Form drawdown and lump sum payments

THE SIT SIPP. Self Invested Personal Pension. Benefit Form drawdown and lump sum payments THE SIT SIPP Self Invested Personal Pension Benefit Form drawdown and lump sum payments The SIT SIPP Benefit Form - drawdown and lump sum payments Please complete this form if you want to access your pension

More information

Acquiring land April 2001

Acquiring land April 2001 Acquiring land April 2001 Contents 1. What is this guidance about? 2 2. In this guidance 2 3. Trustees powers and duties 3 4. What are the general duties of trustees when acquiring land for their charity?

More information

A Guide to. Small Self Administered Pension Schemes (SSAS)

A Guide to. Small Self Administered Pension Schemes (SSAS) A Guide to Small Self Administered Pension Schemes (SSAS) Prepared by: John Hebblethwaite APFS CFP cm MIoD FRSA Certified Chartered Financial Planner Managing Director April 2014 Contents Introduction...

More information

Pension Portfolio SELF INVESTMENTS CHARGES APPENDIX

Pension Portfolio SELF INVESTMENTS CHARGES APPENDIX Pension Portfolio SELF INVESTMENTS CHARGES APPENDIX ANNUAL CHARGES AND INVESTMENT CHARGES These charges are applicable as at April 2016 and they are exclusive of VAT unless otherwise stated. For details

More information

Group Flexible Retirement Plan Terms and conditions

Group Flexible Retirement Plan Terms and conditions Group Flexible Retirement Plan Terms and conditions Please read and keep for future reference. Contents 03 1. Your terms 03 2. Structure of your plan 03 3. Eligibility 04 4. Payments 06 5. Investments

More information

ISA and Investment Fund Key features

ISA and Investment Fund Key features ISA and Investment Fund Key features This is an important document. Please read it and keep for future reference. The Financial Services Authority is the independent financial services regulator. It requires

More information

Commercial Property Buying Property in Your Pension Fund

Commercial Property Buying Property in Your Pension Fund 1 The aim of these notes is to assist in purchasing, letting or selling properties, to ensure the transaction is handled correctly and any pitfalls are avoided. Please read these notes, ensure you understand

More information

Gains on foreign life insurance policies

Gains on foreign life insurance policies Helpsheet 321 Tax year 6 April 2013 to 5 April 2014 Gains on foreign life insurance policies A Contacts Introduction Page 2 Part 1 Types of policy Page 3 What sort of policy do you have? Page 3 When will

More information

SIPP benefit form drawdown and lump sum payments

SIPP benefit form drawdown and lump sum payments TD Direct Investing SIPP benefit form drawdown and lump sum payments SIPP benefit form drawdown and lump sum payments Please complete this form if you want to access your pension and take benefits as a

More information

Lawyers and Conveyancers Act (Trust Account) Regulations 2008

Lawyers and Conveyancers Act (Trust Account) Regulations 2008 Lawyers and Conveyancers Act (Trust Account) Regulations 2008 Rt Hon Dame Sian Elias, Administrator of the Government Order in Council At Wellington this 30th day of June 2008 Present: Her Excellency the

More information

Income and gains generated by ISA investments are exempt from any further UK income tax as well as capital gains tax in the hands of the investor.

Income and gains generated by ISA investments are exempt from any further UK income tax as well as capital gains tax in the hands of the investor. What is an ISA? ISA stands for Individual Savings Account. ISAs have been available since 6 April 1999. An ISA is a scheme for investment managed in accordance with the ISA Regulations under terms agreed

More information

BENEFITS. The remainder of your fund is used to provide a pension, in one of 2 ways:

BENEFITS. The remainder of your fund is used to provide a pension, in one of 2 ways: BENEFITS Online links to further information are shown in underlined text below. Contents 1. Your own benefits 2. Benefits on death 3. Issues to consider 4. Other points These notes outline the benefits

More information

Simple Investment SIPP Application Form

Simple Investment SIPP Application Form Simple Investment SIPP Application Form To London & Colonial Services Limited (London & Colonial): I hereby apply for a London & Colonial Simple Investment SIPP contract on the basis of the following information:

More information

ISA and Investment Funds Key Features

ISA and Investment Funds Key Features ISA and Investment Funds Key Features From Standard Life through Standard Life Client Management This is an important document. Please read it and keep for future reference. The Financial Conduct Authority

More information

Your investment choices and charges. Explaining the investment options and charges for our Active Money Self Invested Personal Pension

Your investment choices and charges. Explaining the investment options and charges for our Active Money Self Invested Personal Pension Your investment choices and charges Explaining the investment options and charges for our Active Money Self Invested Personal Pension Contents 02 Level 1 investments 04 Level 2 investments 06 Level 3 investments

More information

Member's Transfer Request Form

Member's Transfer Request Form Member's Transfer Request Form Request for Payment of Cash Equivalent Transfer Value to a Qualifying Recognised Overseas Pension Scheme (QROPS) Please complete this form if you want the value of your Local

More information

Self Invested Personal Pension SIPP. Property Purchase Guide.

Self Invested Personal Pension SIPP. Property Purchase Guide. Self Invested Personal Pension SIPP Property Purchase Guide www.minervasipp.co.uk SIPP Property Purchase Guide Property purchasing and leasing through a Self Invested Personal Plan (SIPP) is a complex

More information

For customers Aegon buyout plan with protected tax-free cash drawdown pension option

For customers Aegon buyout plan with protected tax-free cash drawdown pension option For customers Aegon buyout plan with protected tax-free cash drawdown pension option Please read these notes before filling in this form About this form Words in bold are defined terms that we explain

More information

Our Charges. 2. Valuation fee From 135. Estimated property value Valuation report cost

Our Charges. 2. Valuation fee From 135. Estimated property value Valuation report cost Our Charges This document sets out the main costs that you may incur during the course of your mortgage term. If our charges change in the future, you will be charged the updated fee. We will Our always

More information

KEY FEATURES OF THE RETIREMENT ACCOUNT

KEY FEATURES OF THE RETIREMENT ACCOUNT Key Features of the Royal London Retirement Account KEY FEATURES OF THE RETIREMENT ACCOUNT IMPORTANT INFORMATION YOU SHOULD READ 1 HOW TO CONTACT US If you have any queries relating to your Retirement

More information

RELEVANT TECHNICAL LIFE GUIDE PLAN TO THE RELEVANT LIFE PLAN RELEVANT LIFE PLAN TECHNICAL GUIDE.

RELEVANT TECHNICAL LIFE GUIDE PLAN TO THE RELEVANT LIFE PLAN RELEVANT LIFE PLAN TECHNICAL GUIDE. RELEVANT TECHNICAL LIFE GUIDE PLAN TO THE RELEVANT LIFE PLAN 1 RELEVANT LIFE PLAN TECHNICAL GUIDE. 2 TECHNICAL GUIDE TO THE RELEVANT LIFE PLAN ABOUT THIS GUIDE This guide has been designed for financial

More information

Key Features of the NHS Additional Voluntary Contributions (AVC) Scheme

Key Features of the NHS Additional Voluntary Contributions (AVC) Scheme Key Features of the NHS Additional Voluntary Contributions (AVC) Scheme Important information you need to read The Financial Conduct Authority is a financial services regulator. It requires us, Prudential,

More information

Pension benefits guide How you can use your pension pot to suit your needs

Pension benefits guide How you can use your pension pot to suit your needs Pension benefits guide How you can use your pension pot to suit your needs axawealth.co.uk With the flexibility you have to take benefits through your pension, it can be difficult to know what s best for

More information

Tariff. A tariff of charges for our. Mortgage Services

Tariff. A tariff of charges for our. Mortgage Services Mortgage Services Tariff A tariff of charges for our Mortgage Services Effective 1st February 2015 Mortgage Services Tariff This tariff gives details of the charges payable in connection with mortgage

More information

AJ Bell Investcentre frequently asked questions

AJ Bell Investcentre frequently asked questions SIPP ISA GIA AJ Bell Investcentre frequently asked questions Advisers often have questions about AJ Bell Investcentre and so we have collated the ones we are asked the most into these frequently asked

More information

ALLAN GRAY RETIREMENT ANNUITY FUND CONDITIONS OF MEMBERSHIP

ALLAN GRAY RETIREMENT ANNUITY FUND CONDITIONS OF MEMBERSHIP ALLAN GRAY RETIREMENT ANNUITY FUND CONDITIONS OF MEMBERSHIP Allan Gray Retirement Annuity Fund Conditions of Membership This is an overview of the Conditions of Membership of the Allan Gray Retirement

More information

Multi-Platform Open Annuity

Multi-Platform Open Annuity Multi-Platform Open Annuity Application Form Powered by the London & Colonial... Upgradable, Capable, Flexible www.londoncolonial.com Multi-Platform Open Annuity Form To London & Colonial Assurance PLC:

More information

Terms and conditions of the smart + stocks & shares ISA from AXA Self Investor

Terms and conditions of the smart + stocks & shares ISA from AXA Self Investor Terms and conditions of the smart + stocks & shares ISA from AXA Self Investor Terms and conditions of the smart + ISA 02 Introduction These Terms and conditions of the smart + ISA (also referred to as

More information

Self Invested Personal Pensions (SIPPs)

Self Invested Personal Pensions (SIPPs) 1 Self Invested Personal Pensions (SIPPs) listening, understanding, advising Why SIPPs? A Self Invested Personal Pension (SIPP) is a pension scheme that enables you to have a great degree of control over

More information

FLEXIBLE LIFETIME ANNUITY NATIONAL INSURANCE NUMBER POLICY NUMBER

FLEXIBLE LIFETIME ANNUITY NATIONAL INSURANCE NUMBER POLICY NUMBER FLEXIBLE LIFETIME ANNUITY NATIONAL INSURANCE NUMBER POLICY NUMBER 1 THE PRUDENTIAL ASSURANCE COMPANY LIMITED Incorporated in England Reg'd No. 15454 Registered Office: Laurence Pountney Hill, London, EC4R

More information

KEY FEATURES OF PENSION PORTFOLIO SELF INVESTED PERSONAL PENSION (SIPP)

KEY FEATURES OF PENSION PORTFOLIO SELF INVESTED PERSONAL PENSION (SIPP) KEY FEATURES OF PENSION PORTFOLIO SELF INVESTED PERSONAL PENSION (SIPP) The Financial Conduct Authority is a financial services regulator. It requires us, Royal London, to give you this important information

More information

REMOVING THE REQUIREMENT TO ANNUITISE BY AGE 75

REMOVING THE REQUIREMENT TO ANNUITISE BY AGE 75 PENSIONS PROFILE MARCH 2011 REMOVING THE REQUIREMENT TO ANNUITISE BY AGE 75 Summary From 6 April 2011, the requirement to buy an annuity by age 75 will be removed. Alternatively Secured Pensions (ASPs)

More information