The Bespoke SIPP incorporates the ability to invest in any investment permitted by HM Revenue & Customs (conditions apply to investments that are not regulated by the Financial Services Authority).

Note: Sippchoice Limited reserves the right not to proceed with a particular investment request, or to impose special conditions/constraints and/or extra charges for doing so, depending on the administrative complexity and potential liability involved.

Each member of the Sippchoice Bespoke SIPP has a separate interest-bearing bank account with Bank of Scotland that is used for transactions.  However, uninvested cash does not have to be kept in this account and can be held on deposit with any other bank or building society.

The Sippchoice Bespoke SIPP can buy investments from, and sell investments to, a SIPP member (and anyone connected with a SIPP member).  These transactions must take place on an 'arm's length basis' and be on commercial terms.

There are no petty restrictions in the Sippchoice Bespoke SIPP.  For example, there is no minimum contribution requirement and no minimum fund size.

Transfers into the Sippchoice Bespoke SIPP can be in-specie, as well as in cash.  This allows members to arrange transfers into our SIPP from another SIPP without having to encash the existing investments.  This avoids dealing expenses and the risk of being temporarily out of the market.      

Transfers-in can include ‘protected rights’, i.e. pension rights arising from being contracted-out of the State Second Pension (formerly SERPS).  Any transferred-in ‘protected rights’ will be invested together with the SIPP’s other assets as a single portfolio.

Tax-free lump sums under the Sippchoice Bespoke SIPP can be paid as in-specie transfers of investments, as well as in cash.

The complete range of options is available for members when drawing their benefits under the Sippchoice Bespoke SIPP:

• capped drawdown
• flexible drawdown
• phased drawdown
• annuity purchase

Income drawdown payments can be taken on a regular monthly, quarterly, half-yearly or annual basis and members can vary the amount of regular income that they require at any time.  In addition, one-off income payments can be made at any time.  So, you can be sure that the Sippchoice Bespoke SIPP will meet whatever income payment requirements your clients may have.

The fees for the Sippchoice Bespoke SIPP are clear and transparent and represent excellent value-for-money.  Full details of these fees can be obtained from the Literature page.

Advisers will have secure online access to details of their clients’ SIPP investments and cash balances.

All paperwork and procedures in the Sippchoice Bespoke SIPP are kept as simple and straightforward as possible.  We can normally operate the SIPP on instructions from the member's adviser.

Wherever possible, we will agree simplified administration procedures with our advisers that tie in with the way they work.

In order to provide a personal administration service, advisers will be allocated a named Administrator who will be responsible for the administration of all their clients’ SIPPs.

We provide a comprehensive adviser remuneration facility under which we pay adviser remuneration as agreed with the adviser's SIPP client.

We are able to co-brand our Sippchoice Bespoke SIPP documentation with the adviser’s business logo.