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Self Invested Personal Pension (SIPP)

Feel prepared for the future with a Bank of Scotland Share Dealing Self Invested Personal Pension (SIPP). Our SIPP allows you to take control of your own pension investment using our low cost dealing facility.

Our tax efficient pension plan allows you to invest in a wide range of investments including stocks and shares from UK markets, unit trusts, open ended investment companies (OEICS) and many more.

You make your own investment decisions by setting up your personal investment plan and choosing how much to invest, how often and most importantly which investments to make.

Your SIPP account is free to set up and allows you to enjoy all of the tax efficient benefits of a traditional pension. You must keep in mind, however, that the value of investments can go down as well as up and you may not get back all you invested.

Reap the tax benefits

  • No Capital Gains Tax on investments*.
  • Tax relief is available on your own contributions to your SIPP at the highest tax rate you pay.
  • 25% of your pension fund can be taken as a tax-free lump sum from the age of 50 (55 from April 2010). Income tax (not National Insurance contributions) is paid on the remaining pension income you receive from your fund.
*please note that tax laws may change

Main features:

  • No set up fee.
  • Highly competitive charges - Deal online for £11.95 and if the value of your deal is under £250 you can also sell online for only £5. Deal over the phone from £15.
  • A large variety of eligible investments to choose from. Transfer investments currently held in another SIPP account. · Make single lump sum contributions or set up regular investment plans. · Access your accounts online 24/7, 365 days a year.

Can I have a SIPP?
You can have a SIPP regardless of your employment status. You can apply for a Bank of Scotland Share Dealing SIPP if you are:

  • employed;
  • self employed;
  • a pensioner;
  • a carer;
  • in full time education; or
  • unemployed.

A SIPP can also be established for a child under the age of 18, by a parent or legal guardian.

Further information can be found in our Key Features Document.

 

How To Apply

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

To apply for a SIPP please print off an Application Pack [PDF document, new window] which contains all the forms you will need to open an account with us:
  • The SIPP Application Form,
  • A Direct Debit Instruction
  • A Benefits form
  • A Transfer Form
  • An Additional Contribution Form
  • Details of how to fill in these forms
Please complete and return this pack to the address below:
The Bank of Scotland Share Dealing SIPP Administration Team
A J Bell Management Limited
Trafford House
Chester Road
Manchester
M32 0RS

Alternatively you can call us on 0845 606 1188 and we'll send you an application pack through the post.

Click here to view all of the SIPP Forms

The Bank of Scotland Share Dealing SIPP is administered by A J Bell Management Limited. A J Bell Management Limited is registered in England No. 3948391. Registered Office: Trafford House, Chester Road, Manchester, M32 0RS. Authorised and regulated by the Financial Services Authority. Sippdeal Trustees Limited is a wholly owned subsidiary of A J Bell Management Limited, registered in England No. 4050222. Registered Office: Trafford House, Chester Road, Manchester, M32 0RS. Sippdeal Trustees Limited does not conduct any regulated activities, and is, therefore, not regulated.

Click here to view our Regulatory Information