The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.

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Self Invested Personal Pension (SIPP)

An easy, flexible way for financial advisers to build and manage their clients’ financial future

Funds
Wide range of available investments
We offer a choice of more than 10,000 investments via the 7IM Platform, giving you the freedom to take your clients’ SIPP in exactly the direction you’d like to.
Money
Tax relief up front
We pre-fund pension tax relief on contributions. More of your clients’ funds will be put to work straightaway, giving their pension pot more time to grow.
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Flexible drawdown options
We offer a number of options, including drip feed, a phased approach, a one-off lump sum and/or regular income. Clients can also take out all or some of their uncrystallised funds as a lump sum (UFPLS).
Flux
Easy transfer
Where we can we use Origo Options to process transfers electronically. This means you can move your clients’ existing SIPPs from other providers with ease.
Flexible
Flexible contributions
Your clients can contribute regularly each month, or through occasional single contributions.
Plan Retirement
Inherited pensions are welcome
We can accept inherited pensions from new and existing clients. If the pension was a legacy from someone aged 74 or younger, your client can usually take out money tax-free*.
Investing Children
Competitive costs
As always, we’re focused on keeping costs down. Our SIPP is free to set up and there’s no annual fee on accounts of more than £75,000. For accounts with less than that, there’s a fee of £100 +VAT per year.
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Integrated with our award-winning platform
Enjoy a seamless experience with simplified reporting. Everything can be managed efficiently in one place on our platform.
*Taxation depends on individual circumstances and may be subject to change

Fees for the 7IM SIPP

SIPP set up

Charge typeCharge amountFrequency
Establishment of SIPP£0N/A
Annual administration fee£0 if value of SIPP is above £75,000.

£100 (+ VAT) if value of SIPP is below £75,000
Charged annually in advance

Taking Benefits

Charge typeCharge amountFrequency
Purchase of annuity£100 (+VAT)On the event
New benefit crystallisation instruction£75 (+VAT)On the event
Payment of income£135 (+VAT)Charged annually in advance
Switch from capped to flexi-access drawdown£75 (+VAT)On the event
Review of capped drawdown limits£75 (+VAT)On the event
Closure of SIPP£75 (+VAT)On the event

Interested in the 7IM SIPP?

Pension
Download the SIPP Key Features

Providing all the information you need to know about the 7IM Self Invested Personal Pension.

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Want to know more about how the 7IM SIPP could help your clients? Get in touch with our team today

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