eSipp from James Hay
The eSIPP from James Hay is the complete online SIPP, designed to make self-investment of pension contributions and transfers simple, affordable and quick.
There is no minimum fund size or contribution level – and there is no annual administration charge, so you only pay for the actions you take.
The eSIPP allows you to invest in Investment Centre funds or stocks and shares through Abbey Sharedealing, so it could make a particularly attractive option for building a SIPP fund from scratch.
Online monitoring, dealing and administration means less paperwork, fewer records to keep, and valuable time saved which can be dedicated to managing the portfolio.
- You must be over 18.
- You may join and contribute to the eSIPP provided you are under 75.
- Residency is no longer a factor in determining if you can contribute to an eSIPP, but see below “How much can I contribute”.
- And, if you wish to be a member of your employer's pension scheme and open an eSIPP there will no longer be any restrictions on contributing to both at the same time.
Do I need a minimum investment to set up an eSIPP?
There is no minimum amount required.
How much can I contribute?
Whilst HM Revenue and Customs do not apply any limit to the amount of contribution that can be paid, they do limit the tax relief available. The maximum that you can pay to the James Hay eSIPP is restricted to the maximum tax relievable contribution. This will depend on your residency. For example, if you are a UK resident you will be able to have tax relief on the higher of £3,600 or 100% of earnings.
Can I take an income?
You can normally start to take an income from the eSIPP as early as your 50th birthday (rising to age 55 from 2010) and you do not need to retire to choose this option.
Provided you have not used up all your lifetime allowance you are entitled to take all or part of your uncrystallised eSIPP fund to provide an income. This flexibility allows you to phase your retirement.
Can I purchase property within my eSIPP?
The eSIPP does not allow you to invest directly in commercial or residential properties.
To find out more about the James Hay eSIPP click here
Article Archive
Generali Vision - Client Incentive extended until September 30th, 2010
Generali International has extended the incentive being offered on their Vision savings plan, until the end of September 2010.
Royal Skandia fund platform
Royal Skandia have produced listings of their 20 Most Popular Funds, from their fund platform, as well as their 20 Best Performing Funds, as measured through the month of February 2010.
Apollo funds added to Royal Skandia fund platform
Expat Finance Direct can announce that the IFDS Apollo Balanced and Apollo Cautious Funds have both been added to the Royal Skandia Investment Solutions (SIS) platform, with effect from today.
Five Reasons Why Gold Will Hit $5,000
According to one industry pundit, there are five key reasons pointing to the likely escalation of the price of Gold, to perhaps as much as $5,000 per ounce.
FMG Update on the Current Situation in Dubai and UAE
FMG have issued a press release, regarding the impact on three of their funds by recent events in Dubai and the UAE.
Guardian’s Top 5 Funds of the Decade
The Guardian (UK) newspaper lists the Top 5 performing funds of the decade.
Updated QROPS List - November 2009
The latest listing from HM Revenue & Customs for Qualifying Recognised Overseas Pension Schemes (QROPS)
India’s Government buys 200 metric tons of gold in just two weeks
The Indian Government has made what is being touted as a quite conspicuous "grab" for gold, by purchasing 200 metric tons in the past fortnight.
Premier New Earth Solutions Fund up +12.1%
The Premier New Earth Solutions Fund announced its first 12 months performance, after launching a year ago, with a positive +12.1% return.
Global Equity Brazil Fund
Expat Finance Direct are very pleased to add the Brazil Fund from Global Equity to the roster of funds we actively promote to our clients.
