Self-Invested Personal Pension (SIPP)

You will need to complete an additional contribution form for all single contributions made to your SIPP. Single contributions can be made by electronic bank transfer or by cheque. The bank details to make an electronic payment are included on the confirmation page of the form.

Complete an additional contribution form or download form (PDF, 136KB).

If you want to start a regular monthly contribution, you will need to complete an additional contribution form and a Direct Debit Instruction (PDF, 76KB).

Our benefits process has been designed to give you the necessary information and time needed to make an informed choice when taking benefits from your SIPP. 

• Information on Taking Benefits Form (PDF, 133KB)

• Benefits Guide (PDF, 236KB)

Once you reach the age of 55 you can start taking an income from your SIPP, or you can choose to keep your money invested and continue to contribute to your pension pot. If you need to take an income or need access to the money in your pension, you can choose any, or a combination, of the below options.  

Income drawdown (also known as flexi-access drawdown) 

If you don’t need a secure, regular income then you can continue to manage your pension fund and draw a variable income (within certain limits) directly from the SIPP. You will continue to make all investment decisions, and the value of your SIPP will rise and fall depending on the performance of your investments.

If you wish to transfer a pension to your IWeb Share Dealing SIPP from which you have already started taking benefits, please complete the Transfer In Drawdown Benefit Form (PDF, 181KB). This form should be completed in addition to your SIPP application and the relevant transfer-in form(s). If you are transferring more than one pension in drawdown, please complete one form for each transfer.

Charges will apply to your SIPP where you designate some or all of your SIPP to drawdown.  

Taking a taxable lump sum (also known as an uncrystallised pension lump sum).

You can take a one-off payment from your pension or a series of lump sums, keeping the remainder of your pension invested. The first 25% is tax-free, with the remainder subject to tax at your usual rate of income tax.

Purchase an annuity

An annuity converts your pension fund into a regular, secure income payable for the rest of your life. Choosing an annuity is an important decision to get right as, once you’ve signed up, it can’t be stopped or changed.

• For more information about your options, read our Benefits Guide (PDF, 236KB)  and Information on Taking Benefits Form (PDF, 133.5KB).

Download our transfer form (PDF, 191KB) and return the original form by post to: 

IWeb SIPP Administration Team
AJ Bell Management Limited
4 Exchange Quay 
Salford Quays 
Manchester
M5 3EE

Our CREST number is: 33X24

Transfers usually take around 8 - 10 weeks. We charge £60 per transferring pension up to a maximum of £300. Your existing provider may charge you transfer or closure fees, so please keep this in mind when you're transferring.

Have you already started taking benefits from your SIPP? If so, you’ll need to complete our Transfer In Drawdown Benefit Form (PDF, 148KB) too.

Are you transferring a final salary pension worth more than £30,000? You’ll need to get independent financial advice and ask your IFA to sign our Financial Advice Declaration form (PDF, 53KB).

If you’d like to switch your pension to IWeb, there are several things you’ll need to consider before starting the transfer.

• Not all pensions are transferable - please contact your current provider first to find out if you’re able to transfer.

• Exit and transfer fees may apply with your existing pension provider.

• If you’re transferring funds to us from another broker we might hold a different fund class than the one you hold now. This means we may need to convert your fund into a class that can be transferred, which may be more expensive or could be cheaper. We do this to make sure your fund does not have to be sold as part of the transfer. Once the transfer is complete, we’ll make sure that you hold the cheapest fund class we have available for investment.

• If you have any doubts about transferring your pension to IWeb you must seek advice from a suitably qualified professional adviser. There will normally be a charge for that advice.