The Motley Fool SIPP –
Self Invested Personal Pension
A great alternative to a private pension, The Motley Fool SIPP is designed to put you back in control of investing for your retirement.
A Self-Invested Personal Pension (SIPP) is a government approved personal pension scheme, which allows individuals to make their own investment decisions from the full range of HMRC approved investments.
The Motley Fool SIPP gives you complete flexibility to invest in shares, funds, ETFs, cash and many other types of asset classes. Plus you also benefit from all of the tax breaks* offered by a traditional personal pension.
* Please bear in mind tax laws may change
- Trade 'real-time' online: £10 per trade for UK shares and £17.50 per trade for International shares
- Invest in a range of asset classes, including Shares, Investment Trusts, Funds, Trackers, ETFs, Cash and more
- Get tax relief * on your own contributions at the highest tax rate you pay and take 25% of your pension fund as a tax-free lump sum from the age of 55.
- Tax efficient * no Capital Gains Tax to pay on profits you make or dividends which you receive on investments within your SIPP
- No set up or inactivity fees
- Competitive annual administration fees
- Transfer a personal pension plan, company pension scheme, or even another SIPP into a Motley Fool Share Dealing SIPP.
* Please bear in mind tax laws may change
Before you apply:
Please read The Motley Fool SIPP Key Features document which provides a full summary of the SIPP's Key Features (including a breakdown of charges).
Foreign Exchange Information
Foreign currency conversions are required to facilitate the settlement of international transactions and include a spread, which can vary from time-to-time, applied to the Available Exchange Rate*. The current spread is 1.0%. Indicative exchange rates are provided prior to trading, and the rate applicable to the individual trade is confirmed on the contract note once the deal has been completed.
* The available 'Available Exchange Rate' is based on the exchange rate provided within the Global Treasury Information Services foreign exchange feed supplied by Interactive Data Corporation.
|UK real-time purchase (online)||£10|
|UK real-time sale (online)||£10|
|International real-time purchase (online)||£17.50|
|International real-time sale (online)||£17.50|
|Foreign Currency Charges||1% per trade|
|Dividend Investment||2% capped at £10
(UK CREST eligible shares only)
SIPP Establishment and Administration charges
|Transfer in of another registered pension scheme||£50 per transfer (maximum £300) per SIPP|
|Quarterly administration charge (see note 1)||£18.75* for a SIPP value less than £50,000|
|£37.50* for a SIPP value of £50,000 or more|
|Insufficient funds e.g. to pay benefits or charges||£25|
|Transfer out the SIPP another registered pension scheme or annuity purchase||£75|
|Transfer out the stock to another registered pension scheme or annuity purchase||£25 per investment|
SIPP Benefits – Income Withdrawal
|Income Drawdown to age 75||£150* per annum, payable annually in advance|
|Income Drawdown from age 75||£250* per annum, payable annually in advance|
|Designation of additional funds to existing income drawdown fund||£75*|
|If you register for flexible drawdown pension
(see note 2)
|If you close your SIPP through flexible drawdown or trivial communication||£75|
|Payment of death benefits||time/cost basis|
* Plus VAT
Note 1: Payable in March, June, September and December. The quarterly administration charge is not pro-rated. This means that the full quarterly administration charge will be payable for the quarter in which you open a TMF SIPP and in which you cease to be a member of the TMF SIPP.
Note 2: Applies only on initial set up of flexible drawdown entitlement. The fee is separate and, where relevant, in addition to income drawdown fees. All charges except the transfer in charge will be deducted from your SIPP. These charges may be shared between A J Bell Management Limited and The Motley Fool Share Dealing limited
Points to note: The annual income withdrawal charge will become payable immediately where funds are designated to provide USP, even if you elect to take "nil" income. No additional charge is made when the first funds are designated to provide unsecured pension.
For a full list of all dealing and administrative charges, please click here
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The Motley Fool SIPP application pack contains:
- The Motley Fool SIPP Application Form
- A Direct Debit Instruction Form
- A Transfer Form
- A Benefit Form
- Details of how to fill in these forms
Other Forms (for existing customer use only)
If you already have a Motley Fool SIPP, and you're looking for a specific form in order to update your account, you'll find these below:
Direct Debit Instruction
To be completed if you wish to set up regular payments into your Motley Fool SIPP.
To be completed if you wish to transfer benefits from another registered pension scheme into your Motley Fool SIPP.
Additional Contribution Form
To be completed if you wish to pay an additional one-off contribution or establish a regular monthly contribution by Direct Debit. If you wish to change your existing regular contribution Direct Debit arrangements, then please write to A J Bell Management Limited with details of any changes and do not complete this form.
To be completed if you wish to start drawing benefits from your The Motley Fool SIPP or purchase a lifetime annuity.
Trading U.S. Securities
The Motley Fool Share Dealing has obligations to the Internal Revenue Service (IRS) with respect to customers that hold U.S. securities and receive U.S. source income. We are required to obtain documentation from these customers that allow us to comply with these obligations and, where the customer is eligible, we can provide a reduced rate of withholding tax to their U.S. income. Therefore, customers who intend to trade in U.S. securities or who are currently holding U.S. securities must provide a valid Form W-8 or Form W-9.
Please note that we do not provide tax advice and if you have any questions you should consult a professional tax advisor.
- Download a W-8BEN form
- Download instructions for the W8-BEN form
- Download a W-9 form
- Download instructions for the W-9 form
- Download a W-8ECI form
- Download instructions for the W-8ECI form
- Download a W-8EXP form
- Download instructions for the W-8EXP form
- Download a W-8IMY form
- Download instructions for the W-8IMY form