Single Portfolio SIPP

The "Single Portfolio SIPP" is a simplified version of the Dentons Self Invested Personal Pension which is a Registered Pension Scheme for the purposes of Section 150 Finance Act 2004. It is a product regulated by the Financial Services Authority and is designed for investors who want control and flexibility over their pensions. The Single Portfolio SIPP has been specifically designed to permit investment of funds with any accepted single portfolio with a discretionary fund manager, fund supermarket or platform and within the default instant access bank account with Cater Allen.

A number of fund managers have been pre-approved, please see Investments for more details.

The Scheme allows various retirement income options when you choose to commence your benefits. The pension benefits can be drawn out of the assets of the scheme indefinitely.

The principle features of the Single Portfolio SIPP are as follows:-

Total freedom on the payment of contributions
The ability to select your own fund manager or platform
Early retirement irrespective of whether you remain at work
Penalty free transfers
Staggered or phased retirement
Unsecured pension/Alternatively secured pension, avoiding the requirement to purchase an annuity
Efficient administration
Simple fee structure
Significant tax advantages
Inheritance tax planning possibilities

In recognition of the needs of our clients, Dentons provide a Single Portfolio SIPP, offering a bespoke solution for clients who wish to hold discretionary managed portfolios.