The J.P. Morgan heritage is just one part of what makes our Self Invested Personal Pension (SIPP) so attractive.
|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 (£500 after tax relief)|
|Minimum regular saving||£40 (£50 after tax relief)|
|Minimum top up||£80 (£100 after tax relief)|
|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%.|
|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|
Over 30 J.P. Morgan OEICs
Over 20 J.P. Morgan Investment Trusts
Selected J.P. Morgan SICAVs
30 other fund managers
FTSETM All-Share equities
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
You can contribute unused amounts from the previous three contribution periods – up to a maximum of £50,000 for each period.
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.