Julie is a member of her employers Group SIPP arrangement making contributions via payroll on a monthly basis. She also has a number of pension arrangements from previous employers and is keen consolidate these in one place. The Workplace SIPP enables Julie to do this maintaining control over her pension savings.
Self Invested Personal Pensions (SIPPs) are a cost-effective way of providing a benefit for employees within a flexible package. SIPPs offer employees investment choice, diversification potential and flexibility, including retirement options. For employers there are cost savings, protection, and limited effort since there are no trustee or administration responsibilities.
The Workplace SIPP is designed specifically for the workplace, in that it is trust-based and can operate alongside existing company schemes, or as a replacement to existing schemes.
The WEALTH at work Workplace SIPP benefits include:
- Free to set-up and has no annual administration charge
- Offers a full range of investment options
- Accepts both employee and employer contributions on either an individual or group basis
- Accepts in specie transfers of shares from your company share schemes
- Accepts transfers from legacy pension schemes including protected rights funds
- Is available on an advised or non-advised basis
- Is suitable for bulk pension transfers
It provides access to a wide range of investments including shares, collective investments and fixed interest investments, which means we can offer:
- Defined contribution style funds
- Stock holding services
- In specie transfers of shares from your company share schemes
The Workplace SIPP is available via:
- Face-to-face advice where we manage portfolios on a discretionary basis
- Online, where employees self select their investments
