SIPP Application Form

Request for transfer

I authorise, instruct and apply to you to transfer sums from the plans as listed in this form directly to the receiving scheme in the form of:

1) A cash payment made by cheque, or such other method agreed with IWeb Share Dealing SIPP; or

2) An in-specie transfer of assets held on my behalf (after deduction of any outstanding liability or charges). Where appropriate IWeb Share Dealing SIPP will advise details of the nominee/parties to whom assets must be transferred. I understand the existing investment manager or administrator of the transferring scheme is responsible for collecting dividends and tax reclaims, and realising all rights and entitlements in respect of the assets transferred and for passing them to the receiving scheme.

3) I authorise the transfer of all investments to IWeb Share Dealing SIPP. For funds which cannot be transferred, I authorise IWeb Share Dealing SIPP to instruct my current broker to convert the fund into a fund class that can be transferred, and to convert my fund to the cheapest fund class available. In the event that any of my investments cannot be transferred as stock, I authorise IWeb Share Dealing SIPP to instruct my current broker to retain these holdings and proceed with a partial transfer if possible.

I authorise, instruct and apply to you to provide any instructions and/or discharge required by any relevant third party to facilitate the transfer.

I accept that in order to comply with regulatory obligations, the receiving scheme administrator and the current provider(s) named in this application may need to verify my identity and residential address, and may use credit reference agency searches and ask for my documents to verify my identity and address.

Where you have asked me to give you any original policy document(s) in return for the transfer of funds and I am unable to do so, I promise to accept responsibility for any claims, losses and expenses of any nature which you may incur as a result of having made the transfers) listed in this form.

I authorise you to release all necessary information to IWeb Share Dealing SIPP or AJ Bell Management Limited or Sippdeal Trustees Limited to enable the transfer of funds to the receiving scheme. I agree that a copy of this authority should have the validity of the origin.

I authorise the receiving scheme administrator, the current provider(s) and any contributing employer named in this application to obtain from each other, and release to each other, any information that may be required to enable transfer of sums and assets to the receiving scheme administrator.

If any employer is paying contributions to any of the plans as listed in this form, I authorise you to release to that employer any relevant information in connection with the transfer of funds from the relevant plan.

Until this application is accepted and complete, the receiving scheme administrator’s responsibility is limited to the return of the total payment to the current provider.

When payment is made to the receiving scheme administrator as instructed, this means that I shall no longer be entitled to receive pension benefits from the whole of the plan(s) listed in this form where the whole of the plan(s) is transferring, or that part of the plan(s) represented by the payment(s) if only part of the plan(s) is transferring.

I have read any information provide or made available to me by the current provider(s) in connection with the transfer.

I accept responsibility in respect of any claims, losses, expenses, additional tax charges or any penalties that IWeb Share Dealing SIPP or AJ Bell Management Limited or Sippdeal Trustees Limited and the current provider may incur as a result of any incorrect, untrue or misleading information in this application given by me, or on my behalf, or of any failure on my part to comply with any aspect of this application.

I apply to the scheme administrator of the receiving scheme to accept the transfer from the transferring scheme and to pay it into my SIPP. I confirm that the information provided relevant to my application to transfer benefits into my SIPP is correct and complete, to the best of my knowledge and belief.

I confirm that I have not received any advice or recommendation in relation to the transfer from, a representative of IWeb Share Dealing SIPP or AJ Bell Management Limited or Sippdeal Trustees Limited.

I declare that all, or a part, of the transfer payment has been designated to provide income drawdown pension benefits for me under the transferring scheme. I understand that the transferring scheme is responsible for confirming the amount (if any) designated to provide these benefits.

I further understand that the amount of the transfer payment representing these benefits will be applied to provide me with income drawdown benefits under the receiving scheme and will be subject to the same maximum income limit (if any) as under the transferring scheme, until such time as a further review of this limit is triggered.

Data Privacy Information

Who looks after your personal information

Your personal information will be held by AJ Bell Management Limited and Halifax Share Dealing Limited which trades as IWeb Share Dealing, part of the Lloyds Banking Group. More information on Lloyds Banking Group can be found at www.lloydsbankinggroup.com

Your personal information will be used by AJ Bell Management Limited and Halifax Share Dealing Limited:

• To provide products and services, manage your relationship with us and to comply with any laws or regulations
• We are subject to (for example the laws that prevent financial crime or the regulatory requirements governing the products we offer).
• For other purposes including improving our services, exercising our rights in relation to agreements and contracts and identifying products and services that may be of interest.

To support us with the above we analyse information we know about you and how you use our products and services, including some automated decision making. You can find out more about this and in what circumstances you can ask us to stop processing your data, in our full privacy notices.

Your personal information will be shared within AJ Bell Management Limited and Lloyds Banking Group and other companies that provide services to you or us, so that we and any other companies in our Groups can look after your relationship with us. By sharing this information it enables us to better understand our customers’ needs, run accounts and policies, and provide products and services efficiently. This processing may include activities which take place outside of the European Economic Area. If this is the case we will ensure appropriate safeguards are in place to protect your personal information. You can find out more about how we share your personal information in our full privacy notices.

AJ Bell Management Limited and Lloyds Banking Group will collect personal information about you from a number of sources including:

• Information given to us on application forms, over the phone or through the device you use and when new services are requested.
• From analysis of how you operate our products and services, including the frequency, nature, location, origin and recipients of any payments.
• From or through other organisations (for example fraud prevention agencies).
• In certain circumstances we may also use information about health or criminal convictions but we will only do this where allowed by law or if you give us your consent

You can find out more about where we collect personal information about you from in our full privacy notices.

We may be required by law, or as a consequence of any contractual relationship we have, to collect certain personal information. Failure to provide this information may prevent or delay us fulfilling these obligations or performing services.

AJ Bell Management Limited may also collect personal information about other individuals who you have a financial link with. This may include people who you have joint accounts or policies with such as your partner/spouse, dependents, beneficiaries or people you have commercial links to, for example other directors or officers of your company. 

We will collect this information to assess any applications, provide the services requested and to carry out credit reference and fraud prevention checks. You can find out more about how we process personal information about individuals with whom you have a financial link in our full privacy notice.

In order to process your application AJ Bell Management Limited may supply your personal information to Credit Reference Agencies (CRAs) including how you use our products and services and they will give us information about you, such as about your financial history. We do this to assess product suitability, check your identity, manage your account and prevent criminal activity.

Halifax Share Dealing Limited may also exchange information about you with CRAs, including about any fees not paid on time.

CRAs will share your information with other organisations, for example other organisations you ask to provide you with products and services. Your data will also be linked to the data of other financial associates as explained above.

You can find out more about the identities of the CRAs, and the ways in which they use and share personal information, in our full privacy notice.

The personal information AJ Bell Management Limited has collected from you and anyone you have a financial link with may be shared with fraud prevention agencies who will use it to prevent fraud and money laundering and to verify your identity. If fraud is detected, you could be refused certain services, finance or employment. Further details of how your information will be used by us and these fraud prevention agencies, and your data protection rights, can be found in our full privacy notice.

It is important that you understand how the personal information you give us will be used. Therefore, we strongly advise that you read our full privacy notices, which you can find at:

• IWeb privacy notices (PDF, 219KB)
• AJ Bell privacy notices (PDF, 54KB) 

If you have any questions or require more information about how IWeb Share Dealing Limited uses your personal information please contact us using https://www.iweb-sharedealing.co.uk/about-iweb/contact-us.asp . You can also call IWeb on 0345 070 7129.

If you feel we have not answered your question Lloyds Banking Group has a Group Data Privacy Officer, who you can contact on 0345 602 1997 and tell us you want to speak to our Data Privacy Officer.

You can find out more about how AJ Bell uses your personal information by contacting us at iwebsipp@sippdeal.co.uk

This notice was last updated in February 2018.

General Declaration

Please read the following carefully before you sign.

I hereby apply for a IWeb Share Dealing SIPP and to become a member of the Sippdeal e-sipp (“the Scheme”).

The IWeb Share Dealing SIPP Scheme Terms & Conditions, SIPP Key Features, and the trust deed and rules of the Scheme shall govern my arrangements with AJ Bell Management Limited and the basis on which my SIPP will be administered. I confirm that I have been informed that I should read and save a copy of the IWeb Share Dealing SIPP Key Features and SIPP Scheme Terms & Conditions and that a copy of the trust deed and rules of the Scheme is available on the IWeb Share Dealing website. I agree to be bound by the IWeb Share Dealing SIPP Scheme Terms and Conditions and the trust deed and rules of the Scheme, as amended from time to time.

In return for the services provided by AJ Bell Management Limited, the Scheme administrator, I agree to pay the charges set out on the IWeb Share Dealing website (as amended from time to time) from my SIPP.

The IWeb Share Dealing Service Terms & Conditions shall govern the provision of investment services for my SIPP by IWeb Share Dealing Limited.

I confirm that I understand I will not receive advice as part of this application and that any investment decisions are my own.

I acknowledge that, if my application is accepted, Sippdeal Trustees Limited will open an appropriate share dealing account for my SIPP with IWeb Share Dealing Limited. I confirm that I have been informed that I should read and save a copy of the IWeb Share Dealing Service Terms & Conditions which apply to the operation of that account.

I agree (acting as the agent of Sippdeal Trustees Limited) to the IWeb Share Dealing Service Terms & Conditions, as amended from time to time, in relation to the operation of that account. I acknowledge that this will only be effective once AJ Bell Management Limited has accepted my application and confirmed that I am able to act as agent in this way and that this application is effective to bind Sippdeal Trustees Limited to the IWeb Share Dealing Service Terms & Conditions . I acknowledge that the charges for the sharedealing services and account shall be payable from my SIPP.

There are several obligations in the IWeb Share Dealing Service Terms & Conditions which are stated to apply to me personally, and not as agent of Sippdeal Trustees Limited. I agree to be bound by the IWeb Share Dealing Service Terms, in my personal capacity, in relation to these obligations.

I confirm that the information provided in this Application Form, and any other documents completed in connection with this application, is to the best of my knowledge and belief, correct, complete and not misleading. I also acknowledge that this application will only be effective once I have been notified that it has been accepted by AJ Bell Management Limited.

I will not require, nor attempt to require, the withdrawal of funds held to provide benefits for me under the Scheme, or the income on those funds, other than in accordance with the rules of the Scheme. In the event that an unauthorised payment is made, I agree to AJ Bell Management Limited deducting the amount of any scheme sanction charge, or other charge, levied by HMRC on the Scheme Administrator from the funds held for me under the Scheme in order to pay that charge to HMRC. If there are insufficient funds held for me under the Scheme, I agree to pay AJ Bell Management Limited the amount by which the charge exceeds the amount of available cash held in my account under the Scheme.

If contributions are to be paid, I declare that

a. I am under age 75 and am a relevant UK individual under Section 189 of Finance Act 2004;

b. The total of the member contributions paid to this Scheme and to other registered pension schemes, on which I am entitled to tax relief, under section 188 of Finance Act 2004, will not exceed, in any tax year, the higher;

i. the basic amount (£3,600 gross for the 2024/25 tax year); or

ii. 100% of my relevant UK earnings as defined in Section 189 of Finance Act 2004 in that tax year;

c. The declaration in b) is correct, to the best of my knowledge and belief;

d. I will give notice to the Scheme Administrator if an event occurs, as a result of which I will no longer be entitled to relief on member contributions, under section 188 of Finance Act 2004. I will give this notice by the later of:

i. 5th April in the year of assessment in which the event occurs; and

ii. the date which is 30 days after the occurrence of that event.