The Basics

A SIPP is a registered personal pension scheme, which means that it only has one member and is not directly connected to the member’s employer.

Anyone under the age of 75 can join our SIPP. You can join the SIPP even if you are a member of your employer’s company pension scheme and you can contribute to both schemes.

Your designated fund (‘your Plan’) is established by completing an Application Form and Bank Mandate. We set up your Plan Bank Account. This account receives all incoming payments and pays out all benefits. The bank account is a joint account between you and us, and all instructions must be signed by both.

Payments can be received either in the form of contributions or transfers from other pension arrangements. All payments into your Plan are credited to your Plan Bank Account.

Once your Plan has received funds, they are available for you to invest (see investments below). We are a party to all transactions and co-owner of all Plan assets with you.

When the time comes, you can take your benefits directly from your Plan either all at once or in phases to match your income needs.