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Explore how I can invest for retirement

Our Modular iPlan brings pensions, ISAs and other investments together in one place.

Explore how I can invest for retirement

Get a personalised illustration to see what you could get by investing with James Hay.

How can I withdraw from my pension?

If you are 55 or over, you can start accessing your pensions now – and we are here to help.

Register for an online account

Set up your James Hay Online Account now – and get ready to invest.

Your total retirement wealth planning solution

All your investments in one place

The Modular iPlan is a flexible and cost-effective way to manage your pensions and investments - all in one place.

It’s designed for before, at and after retirement. So whether you’re starting to invest, looking to build up the value of your retirement pot – or you need to start taking money out of your pension – the Modular iPlan keeps you in control every step of the way.

How it works

The Modular iPlan allows you to create an investment plan that’s right for you.

At its heart is the Modular iSIPP – a self-invested personal pension A personal pension where the investor has extensive freedom to choose what to invest in, rather than being restricted to the pension provider’s own choice of funds. that allows you to invest across a broad range of investments. To this core SIPP, you can add the tax-efficient Modular Individual Savings Account (ISA) and/or the Modular General Investment Account (GIA) – an account that’s useful for anyone who wants to invest beyond their annual pension and ISA allowances.

Modular iPlan options

SIPP (must be included)ISA (optional)GIA (optional)
Contribute up to 100% of annual taxable income, normally subject to £40,000 limit* Invest up to £20,000 a year (2018/19 limit) No investment limit
Tax relief The income tax that can be reclaimed on pension contributions. On an occupational pension, tax relief is given by deducting pension contributions out of pre-tax salary. On a personal pension, basic-rate tax relief is usually added onto pension contributions, while higher-rate and additional-rate taxpayers reclaim their additional relief as a reduction on their annual tax bill. Non-taxpayers can get tax relief added onto their pension contributions up to a certain amount. Tax relief is given at an individual’s marginal rate of income tax. Relief is available on contributions of up to 100% of a person’s earnings or the annual allowance, whichever is lower. given on contributions No tax relief on what you invest No tax relief on what you invest
Fund grows largely tax-free Fund grows largely tax-free Fund growth is taxable
Can usually only be accessed from age 55 Access at any time Access at any time
Take 25% of fund tax-free Take 100% of fund tax-free Income and capital gains subject to tax
Optional investment modules
- Whole of MarketA module offered by James Hay that allows investors to include funds and investment managers not offered within the James Hay Investment Centre.
- Commercial Property
Optional investment modules
- Whole of Market
Optional investment modules
- Whole of Market

*These are the limits for contributions receiving tax relief; non-taxpayers can contribute up to £3,600; unused contribution allowances can be carried forward to the next tax year

All the investment choice you need

With the Modular iPlan, you have access to an extensive range of investments. These include over 3,700 funds through our online Investment Centre.

To broaden your investment choice, you can also add Whole of MarketA module offered by James Hay that allows investors to include funds and investment managers not offered within the James Hay Investment Centre. and commercial property modules. You only pay for what you use, while you use it. If you no longer need an investment module, it can be switched off – another cost-saving feature.

Additional investment modules

Why invest in the Modular iPlan

1. Get a SIPP, ISA and General Investment Account (GIA) together on one platform and at competitive cost.

2. Access to over 3,700 funds to give you extensive investment choice.

3. Enjoy flexible and fair charging – where you only pay for what you use, while you use it.

4. Manage and track your wealth-planning held with James Hay securely online, anywhere, anytime.

> Register to get an illustration

> Apply to invest

> What are the charges?

> Is it right for me?

> Transfer investments to us


Taking money from your pension

The Modular iPlan also lets you take full advantage of the pension freedoms Refers to the rules introduced in April 2015 that allow greater choice in how people take money out of defined contribution pensions, including personal pensions. These freedoms include easier access from age 55, taking the whole fund as cash (75% of which is taxable) and allowing unused pension funds to be passed on to future generations free of inheritance tax. However, care has to be taken to ensure that pension freedom does not result in an insufficient pension fund to live on in retirement.. Using the Modular iSIPP, you can withdraw lump sums or take a regular income from age 55.

To keep your pension assets in one place, you can also transfer other pensions and drawdown arrangements into the Modular iSIPP, including capped drawdown A pension income drawdown arrangement where the value of withdrawals allowed per year is kept within strict limits set by the government. But, in return, the individual can still make pension contributions up to the annual allowance. Capped drawdown was withdrawn to new investors from 6 April 2015. All new income drawdown arrangements are now set up as flexi-access drawdown. arrangements set up before 6 April 2015. We strongly recommend that you take advice before transferring any pension to us to ensure the transfer is suitable.

Online, informed and in control

You may want to manage your Modular iPlan through a financial adviser. Alternatively, the Modular iPlan can be managed directly online. You can buy, switch or sell investments, get valuations, track income, get current and historical summaries and check the latest value both of the whole plan and individual elements.

Plus, you can view your investments across the whole Modular iPlan so it’s easy to check where you are invested and how your portfolio is performing.

Who can open an iPlan?

Please remember

Modular iPlan products are not suitable for all investors. We strongly encourage you to get financial advice before proceeding. James Hay Partnership is not authorised to give financial advice. If you do not already have a financial adviser, you can find an authorised adviser in your local area at www.unbiased.co.uk or call 0800 023 6868. You can also get useful and impartial information about pensions, savings and investments from the Money Advice Service (www.moneyadviceservice.org.uk). If you are planning to take money out of your pension in the near future, you are entitled to free, impartial guidance from Pension Wise. Visit www.pensionwise.gov.uk or call either 0800 280 8880 or 0300 330 1003 (from outside the UK +44 20 3733 3495), if you wish to use this service.

Tax Risk Warning

Current pensions and tax legislation and HMRC practice could change in the future. This may affect the value of your investments and pension benefits you receive from the Modular iSIPP. In addition, your individual circumstances will impact the tax treatment of each of the products in Modular iPlan and may also be subject to change in the future.

Capital At Risk Warning

The value of your Modular iPlan products 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 products, some of these may not return the amount you initially invested especially where their value can go down as well as up. This could also affect the amount of money available to take before or during retirement from your Modular iSIPP.

There are risks to investing. To read more about them, click here.