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Select SIPP

Award Winning Select SIPP

Readers of What Investment voted us Highly Commended for the Best SIPP Provider 2011.

What Investment Readership Awards 2011. Winners Select SIPP Alliance Trust Savings

Take control of your clients' retirement planning with our Select SIPP, which gives them the choice of investing in a wide range of investments with all the tax benefits of a personal pension.
Our Select SIPP is available through i.nvest, which enables you to access:

  • 1400 + funds
  • UK investment trusts
  • UK equities, including AIM securities and international equities
  • Exchange Traded Funds (ETFs)
  • UK government gilts and fixed interest securities
  • Convertibles, debentures and loan stocks
  • Transactional cash account
  • Preference stocks

What are the main features?

  • No set-up fee
  • Low annual administration charge
  • No inactivity fees
  • Accepts contracted out transfers
  • Full income withdrawal options, including flexible drawdown
  • View valuations, produce statements, trade and make secure requests online 24/7
  • Freedom to trade by phone if that works best for you and your clients

Contribution levels

Our minimum contribution for a single or regular payment is only £50. This is one of the lowest in the marketplace.

Fixed Protection

From April 2012 the lifetime allowance is decreasing from £1.8 million to £1.5 million. The reduction could mean that your clients could lose out on up to £75,000 tax-free cash if the appropriate steps are not taken so it is important that you understand the impacts of the change.

Fixed protection will be introduced from April 2012 and is a new form of transitional protection that individuals who do not already have enhanced or primary protection can apply for. It will protect pension savings up to £1.8 million from a lifetime allowance charge. Advisers and clients can apply for this now by completing HMRC’s form which is available on their website. Please ensure HMRC receive any applications by 5 April 2012.

Fixed Protection Form

Unlike primary protection, there is no requirement to have a fund in excess of the lifetime allowance to apply for fixed protection. Younger clients with large pension funds, or funds which could grow significantly, may want to consider fixed protection if they believe that future lifetime allowances will be low or non-existent. However, clients need to be aware that once fixed protection is in place, no new contributions may be paid to a money purchase arrangement on or after 6 April 2012.

In addition, the amount of benefits that can be accumulated under a defined benefit (DB) scheme after 6 April 2012 will be limited. This could mean that some individuals will need to opt-out of their employer’s scheme. If an individual who has opted-out becomes auto-enrolled in a new scheme, they will also have to opt-out of this new scheme. If an individual does not opt-out, they will lose fixed protection.

Terms and Conditions

*This figure is based on £100,000 being invested for a term of one year in a fund with an AMC of 1.50% with 0.75% rebate, an annual charge of £135+VAT,a transfer in fee of £50+VAT and an online dealing fee of £12.50. This is compared to a competitor that retains the 0.75% rebate. This charge comparison looks at product charges and rebates and does not include the impact of the remaining 0.75% AMC on the fund.

** The vouchers issued under this offer must be used within the period specified on them. This offer is promoted by Alliance Trust Savings Limited which is registered in Scotland No. SC 98767, registered office, PO Box 164, 8 West Marketgait, Dundee DD1 9YP; is authorised and regulated by the Financial Services Authority; firm reference number 116115; gives no financial or investment advice.