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SIPP What You Need To Know (pre AOP) - TMF

What you need to know

II provides the SIPP Investment Account, and the services relating to managing the investments that you wish to have in your SIPP, including safe custody of those assets, dealing and investment administration. BW SIPP LLP is the scheme operator and administrator. BW SIPP LLP is wholly owned by Barnett Waddingham.

Investor SIPP Trustees Limited is the trustee of the scheme. It is a non-trading company and is a bare trustee. This means that its sole purpose is to hold the scheme assets for the benefit of you and all the other members. The trustee is not regulated by the FCA.

Key Features illustration

As part of your application, you’ll be asked to produce a Key Features Illustration, which gives you important information to help you decide if the ii SIPP is right for you.
Before applying online you should also read the Key Features Document (see below). 

your money and investments

It's important to understand how your money and investments will be held and investment protection schemes that apply (see document link below)

risks & your protection

All investments carry a varying degree of risk and it's important you understand the nature of these risks. Learn more. 

important documents 

Before you continue, please ensure you have read and understood the SIPP Key Features Document, Terms & Conditions and Investment Terms as you will be asked to confirm this as part of your application. 

The ii SIPP is aimed at clients who have sufficient knowledge and experience of investing to make their own investment decisions and want to actively manage their investments. The ii SIPP is not suitable for every investor. Depending on your circumstances, a SIPP may be more expensive than other types of pension - for example a stakeholder pension.

The investments made within an ii SIPP can fall as well as rise and you may end up with a fund at retirement that’s worth less than you invested. You can normally only access the money from age 55.

Prior to making any decision about the suitability of an ii SIPP, or transferring any existing pension plan(s) into an ii SIPP, we recommend that you seek the advice of a suitably qualified financial adviser. Neither interactive investor nor BW SIPP LLP are able to provide personal advice.

Please note the tax treatment of these products depends on the individual circumstances of each customer and may be subject to change in future.

If you are uncertain about the tax treatment of the products you should contact HMRC or seek independent tax advice.

to start your application you will need:

  • Your address details for the past 3 years
  • Your National Insurance Number
  • Your bank details