A Group SIPP (Self Invested Personal Pension) is a number of SIPPs linked together by way of employment.
It does everything a GPP (Group Personal Pension) does, but a lot more as well
Investment choices for your staff are much greater
They benefit from much more flexibility
Members can jointly invest in assets including commercial property
Cost is very competitive in comparison to a GPP or Group Stakeholder scheme
Investments Flexibility
Your company or staff can decide which pension funds or investments are suitable
You don’t have insurance companies dictating to you where your money is invested
The Brooklands SIPP generally accepts all Inland Revenue non-taxable investments
This is all investments allowed by Personal Pensions plus:
Equities, Unit Trusts and similar investments
Property Funds
Commercial Property and Land in the UK
Apartment Hotel Rooms
Commercial Property
Property purchases can be in the UK & Abroad
The Brooklands SIPP can accept the transfer in of Protected Rights
These funds can be used for self investment
Giving flexibility and investment choice to your staff will aid in recruitment and retention
Retirement Flexibility and Tax-Efficiency
SIPPs allow you huge flexibility in retirement
You choose how you take income when you retire
Annuities need not be purchased; you can choose Income Drawdown
You can retire, take tax free cash, and draw an income from your pension
If you wish, you may be able to draw a zero income to leave more in your pension
On your death the remaining pension funds can usually go to your children
When you reach 50 (if it is before April 2010) or 55, 25% tax-free cash can be taken from your SIPP
An annuity does not have to be purchased at the time
You can delay buying an annuity
You can take no income from the pension fund each year, if you wish
So you can take tax free cash without drawing an income
Or you can draw quite a high income if you want to
You can decide each year how much income you take within limits
Pension funds can be left to family in the event of death.
Pensions do not need to ‘die’ when the pensioner does.
If you die before 75 the pension funds can pass to your nominated beneficiaries
A tax charge of only 35% would be payable on death
Notes for IFAs
SIPPs are provided by Brooklands Trustees Ltd which is a self invested pension’s administration company and is authorised and regulated by the Financial Services Authority (FSA).
The company or staff will decide on the investments with the Financial Adviser and will have the added flexibility of the investment choices available to SIPPs.
We provide a flexible investment choice within HM Revenue and Customs (HMRC) Regulations with minimal ‘in house’ rules.
The fees for a Company Group SIPP will be on a case by case basis but generally depends on the numbers of members and the average fund size. The Group SIPP may cost no more than a GPP or Group Stakeholder.
Unlike Group SIPPs from Insurance Companies the Brooklands Group SIPP has no requirement for any of the funds to be invested in Insured, or any other funds. We take no commissions from any investments or bank accounts. The IFA has complete flexibility with the Client to decide where the funds are invested.
Full marketing and technical data will be sent to you when you enquire.
What is a Group SIPP?
Investments Flexibility
Retirement Flexibility and Tax-Efficiency
Notes for IFAs