| SIPPS - Self Invested Personal Pension Scheme |
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MC Trustees are a small group of companies who have been administering Self Invested Personal Pensions (SIPPS) since 1995. A SIPP is a personal pension where a member can make his or her own decisions on the investment policy. Our job is to make sure that the pension runs as smoothly as possible. Our SIPP, which is called the MC Trustees Private Pension, is established in accordance with the provisions of Chapter II Part IV of the Finance Act 2004. It differs from most personal pensions in that the member, either alone, or with professional advice can determine the investment strategy. Anybody. You can have a SIPP in addition to any other personal or occupational scheme of which you are a member. You can transfer any existing pension scheme assets into a SIPP. If you contact us by email, post or telephone we will send you the documentation. Alternatively you can download all the documentation you need here application form. If you want to discuss or clarify anything please call Louise on 01675 444608 ( This e-mail address is being protected from spambots. You need JavaScript enabled to view it ), or Kathy on 01675 444607 ( This e-mail address is being protected from spambots. You need JavaScript enabled to view it ). How do I put money into a SIPP? You can make contributions or transfer money or assets in from any other Registered Pension Scheme. If you put the money in personally we reclaim 25 pence tax relief for each £1 that you contribute and add this to the fund. If you pay higher rate tax you can reclaim an additional 25 pence on your tax return. This will come to you personally. If the money is paid in by a company it is treated as a business expense when calculating corporation tax. There is no limit on the amount you may transfer in but the contribution limit is £245,000 for the 2009/10 tax year. You can invest in anything which does not bring you a personal benefit which would trigger a tax charge from HMRC; for example a residential property. Please see investments for more details. If you would like to talk to someone about investments please call Traci on 01675 444618, or email her at: This e-mail address is being protected from spambots. You need JavaScript enabled to view it . How do I get money out of a SIPP? Benefits can be taken from age 50 and must be taken by age 75. You can take a tax free lump sum of up to 25% of your fund. You can draw a pension from your fund. You can buy an annuity to secure your pension. You can leave you fund to your dependants and/or nominated beneficiaries (subject to current tax laws). See our Key Features Document for more details. Our set up fee is £250 plus VAT Our basic annual fee is £580 plus VAT The annual fee permits the following investments:
It includes the following services:
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