Self Invested Personal Pension (SIPP)

Bank of Scotland Share Dealing are working in partnership with A J Bell, one of the UK's largest and fastest growing SIPP administrators, to bring you the Bank of Scotland Self Invested Personal Pension (SIPP).

SIPP's are designed to give the pension scheme member a choice of assets which they can use to get the most out of their pension plan. Assets include stocks & shares, unit trusts and other funds which can be bought or sold to enhance the profitability of the pension scheme.

Change in SIPP benefits as of 1st October 2008

As of 1st October 2008, if you have contracted out of your State Second Pension (S2P), previously known as Serps, in the last twenty years, you can transfer your protected rights into a SIPP.

Protected rights is a term used to describe the value of the benefits from your S2P built up in a Personal Pension (or other money-purchase) scheme. These benefits are from rebates of National Insurance Contributions paid to people who forego the retirement and death benefits that would arise from membership of the S2P through contracting-out.

Important Documents

Before you complete your SIPP application, we strongly recommend you read the Key Features [PDF document] and understand fully the risks [PDF document] involved, our Terms and Conditions and Charges.