SIPP benefits user guide
Contents
1. AJBell y Investcentre SIPP BA GIA SIPP benefits user guide Commencing benefits Please ensure you send all the documents required to process your request These are e Fully completed benefit form e Certified age evidence i e passport driving licence or birth certificate e HMRC Protection Certificate if client has primary enhanced or fixed protection In addition before we can commence benefits the following are required e Transfer information from the ceding scheme for each transfer received e Sufficient cleared cash in the SIPP cash account where a lump sum is being taken e An up to date valuation of all assets on a quarter up basis for most quoted stocks and shares which we will arrange The process Start You send a fully completed benefit form and supporting documents to us Any PCLS payable is debited from the client s SIPP cash account and paid to the client by BACS We check the benefit form and supporting gt all assets and perform the We request a valuation of documentation relevant calculations We issue a benefit schedule Finish to your client and cc to you Pension payment In order for us to make a pension payment to the client you must ensure that sufficient cleared cash is available in their SIPP cash account five working days prior to the 16th of the month in which a payment is due We will make pension payments on the 16th of the month or the n2. 150406
3. ext available working day Payments should reach your client s nominated account within three working days If there are insufficient funds in the SIPP cash account then no payment will be made and the following process will then apply e For annual half yearly or quarterly payments this payment will be moved forward to the next month For monthly payments the next payment due will not be increased automatically and the normal payment will be made The client details screen contains a filter that has been designed to make this process easier for you to manage This will display additional details on all your clients receiving benefits including Next payment amount and due date e SIPP cash account balance e Prominent warnings where insufficient cash is available for the next payment We will issue a payslip directly to your clients with each pension payment A P60 will be issued at the end of each tax year Contact details Adviser helpline 0845 83 99 060 Email enquiry investcentre co uk Our telephone support is only available to advisers and is open Monday to Friday 9am to 5pm excluding bank holidays AJ Bell includes AJ Bell Holdings Limited and its wholly owned subsidiaries AJ Bell Management Limited and AJ Bell Securities Limited are authorised and regulated by the Financial Conduct Authority All companies are registered in England and Wales at Trafford House Chester Road Manchester M32 ORS AJBIC SIPP UG B 20
Download Pdf Manuals
Related Search