Family SIPP
The Family SIPP is a personal pension scheme established with its own trust deed and rules, designed for family groups and groups of business partners who want the flexibility of self-investment and the option of Scheme Pension.
The Family SIPP is the most flexible type of pension arrangement, allowing groups of individuals, such as family members or business partners to pool their pension arrangements into one scheme that enables additional flexibility for retirement planning. You can make pooled investments with other members and access the full range of investment opportunities permitted by
HM Revenue & Customs.
Product Features
Choice and flexibility
The widest possible range of investment choices. Hold separately designated funds within the scheme or join together to hold investments on a pooled basis.
Trustee
Appoint yourself as a trustee alongside a professional trustee.
Expert administration
Built up from over 30 years of experience in administering pension schemes. A dedicated Account Executive will be allocated to support your Family SIPP. This means you can be assured that your Family SIPP is in good hands and that you will benefit from the continuity that comes from having a dedicated person to deal with.
Retirement benefits
Take benefits from the plan in any form permitted by HM Revenue & Customs.
Transfers and contributions
Each member’s share of the fund can receive contributions from individuals or employers and transfers from other pension arrangements.
Investment Options
- Commercial Property
- Collective Investment Funds
- Equities (including unquoted shares)
- Commodities
- Discretionary Investment Manager
- Alternative Investment funds
Downloads
Family SIPP Brochure
Family SIPP Key Features
Family SIPP Fee Schedule
For more informationor to apply for a Family SIPP, please visit the literature section.
Points to consider
A SIPP may not be suitable for all investors and if you are in any doubt you should consult your financial adviser. James Hay Partnership is not authorised to give financial advice. If you do not already have a financial adviser, information can be obtained from http://www.unbiased.co.uk/
or telephone 0800 085 3250.
For more information on the risks associated with SIPPs, please read our guide; SIPPs & Wraps: assessing the risk.
Tax Risk Warning
Current pensions legislation and HMRC practice could change in the future. This may affect the pension benefits you receive from the plan. In addition, your individual circumstances will impact the tax treatment of your pension and may also be subject to change in the future.
Capital at Risk Warning
The value of your SIPP will be determined by the valuation of all the investments held within it. Depending on the type of investments that you choose to hold within your SIPP, some of these may not return the amount you initially invested especially where their value can go down as well as up. This could impact the level of benefits you can take on your retirement.
You can also find useful and impartial information about pension options and retirement provisions on the Money Advice Service website, formerly the UK Consumer Financial Education Body (CFEB).