Types of SIPP
Home What is a SIPP? Types of SIPP Protected Rights Online SIPP Property SIPP Director SSAS Starter SIPP SIPP ENQUIRY

 

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We offer 3 different types of SIPP, so you only pay for the functionality you need

  1. Starter SIPP

    • What can my Starter SIPP invest in?

      • You can choose from 80 pension investment funds, including those from many major fund managers

    • If I have a Starter SIPP and then I decide to buy property, what can I do?

      • This is why it is called a Starter SIPP; we can at any time convert it into a full SIPP

      • So, you don't pay the charges for a fully functional SIPP with all the bells and whistles until and unless you need it

      • But if you do need our full SIPP we can switch it over for you simply and cheaply

    • What about when I retire?

      • You can chose Annuity or Income Drawdown

        • We will discuss with you at the time what meets your needs and requirements

    • How much do I need to get my Starter SIPP going?

      • Just £10,000 and/or £200 per month

    • And what are the charges?

      • There is no set-up cost

      • There is no administrative cost

      • There is no advice charge

      • The only charge is a simple annual management charge which is much less than that of stakeholder pensions

      • This charge on many funds can be as low as 0.80% per annum; specialist funds cost slightly more

    • Can I transfer Protected Rights funds into my Starter SIPP?

      • Yes, Protected Rights funds (from contracting out) are accepted

    • Is the Starter SIPP right for me?

      • Yes, if you want a simple, low-cost SIPP

      • Yes, if you don't want to manage your sipp online

      • Yes, if you have Protected Rights / Contracted Out Funds, to transfer in

      • No, if you want to manage your funds online - please see Online SIPP below

      • No, if you want a much wider range of Unit Trust investments - please see Online SIPP below

      • No, if you want to buy property funds or commercial property - please Property SIPP below

     

     

  2. Online Unit Trust SIPP

    • What can my Online Unit Trust SIPP invest in?

      • Nearly 1,000 Unit Trust and other collective equity funds are available at hugely discounted prices

        • So you get an enormous range of collective equity investments

        • However, property, property funds, individual equities and other assets are not allowed

        • By restricting other investment options we keep it simple and keep the cost down for you

    • If I have an Online Unit Trust SIPP and then I decide to buy property, what can I do?

      • On Line Unit Trust SIPPs are not designed to hold property investments

      • If you may wish to invest in property we should start a Property SIPP, see below

      • This can hold property as well as unit trusts and all other allowable investments

    • What about when I retire?

      • You have the full choice of all Annuities or Income Drawdown

    • How much do I need to get my Unit Trust SIPP going?

      • Just £10,000 and/or £200 per month

    • And what are the charges of the SIPP?

      • The cost of the SIPP is fully described in the charging data that we will send you when you complete our enquiry form

    • What are the charges for the Unit Trust Investments?

      • Very low! There are no bid-offer spreads on any of the funds

      • You pay no upfront charges on any of the funds

      • These funds typically have upfront charges of 3% to 5% if you buy them personally

        • So you get a huge cost-saving

        • If you buy these funds through someone else's sipp you will probably pay significant upfront charges

      • The only fund charge is the annual management charge

    • Can I transfer Protected Rights funds into my Unit Trust SIPP?

      • Yes, Protected Rights funds (from contracting out) are accepted

      • These can be self invested in the full range of funds available

    • Is the Online SIPP right for me?

      • Yes, if you want to manage your funds online

      • Yes, if you want a very wide range of Unit Trust investments

      • Yes, if you have Protected Rights / Contracted Out Funds, to transfer in

      • No, if you want to buy property funds or commercial property - please Property SIPP below

      • No, if you want a simple, low-cost SIPP - please see Starter SIPP above

       

  3. Property Fund SIPP

    • What can my Property SIPP invest in?

      • Property and Land Funds as described in Property

      • Aparthotels

      • Hundreds of pensions funds from most pension providers

      • All Unit Trusts and Collective Investments

      • Quoted Shares

      • Gold

      • In fact, any allowable sipp investment

      • We call it the Property SIPP because it can buy property

        • If you don't want to buy property funds the Online SIPP may be better for you

    • What about when I retire?

      • You have the full choice of all Annuities or Income Drawdown

    • How much do I need to get my Property SIPP going?

      • Normally, £60,000, (but only £20,000 if you invest in the Property Funds we offer)

    • Does this SIPP accept monthly contributions?

      • No, it is not economical to set it up to allow regular premiums

      • You can fund it by transferring in old pensions and making lump sum contributions

    • And what are the charges?

      • These are fully described in the charging data that we will send you when you complete our enquiry form

    • Can I transfer Protected Rights funds into my Property SIPP?

      • Yes, Protected Rights funds (from contracting out) are now accepted

      • In some circumstances there may be some restrictions on what the Protected Rights funds are invested in

        • Please ask us, we will be happy to help

    • Is the Property SIPP right for me?

      • Yes, if you want to invest in Property, Galliard Homes Aparthotels, Property Funds or Land Funds

      • No, if you want to invest in Unit Trusts, the Online SIPP may be better for you

      • No, if you want a very low-cost SIPP with restricted investment options, see the Starter SIPP

       

  4. Director SSAS / Commercial Property Pension

    • This is only applicable if you are a Controlling Director

    • If you are, please click on SSAS

     

Protected Rights

  • The Online Unit Trust SIPP can accept Protected Rights (Contracted Out) Funds

  • The Starter SIPP can accept Protected Rights (Contracted Out) Funds

  • The Property SIPP does accept Protected Rights (Contracted Out)

  • Director SSAS does not accept Protected Rights

 

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