SIPPCHOICE BESPOKE SIPP: MEETING FINANCIAL ADVISERS’ REQUIREMENTS

The Sippchoice Bespoke SIPP incorporates the ability to invest in a wide range of investments.

Note: Dentons 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.

A separate bank account is set up with Cater Allen Private Bank for each member.  Details of the interest, if any, that is credited to these accounts are shown on the  Interest Rates Guide on the  Literature page of our website.

This account is intended to be the central transaction account for your SIPP, i.e. all the SIPP's transactions must go through this account and, whilst it may be a convenient account for holding cash, it is not intended as an investment for the SIPP.

A cash balance will be required to be maintained to cover ongoing charges however an additional deposit account can be set up of the member’s choice – there is a small charge for opening/closing such an account – see the Fees Schedule on the Literature page of our website for details of this charge.

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.

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.

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:

• phased drawdown
• flexi-access drawdown
• capped drawdown (this is only available if it was in place before 6 April 2015)
• a lifetime annuity.

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.

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

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