The J.P. Morgan heritage is just one part of what makes our Self Invested Personal Pension (SIPP) so attractive.
| How much? | |
|---|---|
| Fees and charges |
Free set up and transfers-in
Annual account fee: 0% – 0.5% No initial charge for buying and selling J.P. Morgan Managed Funds. £10 brokerage fee per transaction may apply Free move into income drawdown |
| Minimum lump sum | £400 (net) |
| Minimum regular saving | £40 (net) per month |
| Minimum top up | £80 (net) |
| Minimum transfer-in from previous pensions | £5,000 |
| Minimum transfer-in from drawdown pensions | £50,000 |
| Cash interest | We calculate the interest on cash held in your account daily, and pay it monthly. At October 2011, the rate of interest is 0.35%. |
| The investments | |
| Income and/or growth? | Designed for long-term growth. |
| Investment term/horizon | Long – no withdrawals until you're 55 |
| Investment risk | Depends on the underlying investments |
| Investment choice |
Over 30 J.P. Morgan OEICs Over 20 J.P. Morgan Investment Trusts Selected J.P. Morgan SICAVs 30 other fund managers FTSE All-Share equities Bonds Exchange traded funds |
| Dates, tax and restrictions | |
| Tax year | 6 April – 5 April |
| Pension Input Period (PIP) | This 12 month period is used when working out contributions for tax relief limits. It's explained fully in the terms and conditions. |
| Annual contribution allowance for 2011/12 tax year | £50,000 for the Pension Input Period ending in 2013/14 tax year. Any additional contributions won't qualify for tax relief. |
| Tax relievable contribution limit |
£50,000 if you want to receive tax relief up to a maximum of 100% of your relevant
UK earnings. You can contribute unused amounts from the previous three contribution periods – up to a maximum of £50,000 for each period. |
| Tax efficiency |
Basic rate tax payers: for every 80p paid in, the government adds another 20p Higher rate tax payers: claim additional tax relief through your tax return, depending on your overall earnings Capital gains and income tax: SIPP investments grow free from these taxes Tax benefits depend on your individual circumstances and may change. |
| Minimum age | 18 years - although you can open a SIPP on behalf of a child |
| Minimum retirement age | 55 years |
| Residency requirements | UK for tax purposes |
If you're not sure that a SIPP is the right investment for you, speak to a financial adviser.
