Sippdealxtra: Illustrations

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illustration tools

Please select the type of SIPP projection you require. This projection should be read in conjunction with the Sippdealxtra Key Features.

If you select 'new SIPP', account will be taken of the fees and charges relating to the establishment of the SIPP. If you select 'existing SIPP', it will be assumed that these fees have already been met, although in all other respects, the two projections are identical.

Please note that these illustration tools have been designed predominantly for financial advisers to use. Whilst we believe that many users will be able to understand the technicalities of the projections, unfortunately we cannot provide technical assistance to support the use of these illustration tools. If you need any additional help we strongly recommend that you seek the guidance of a suitably qualified financial adviser.

Retirement Projection new SIPP existing SIPP	Select new SIPP if you do not currently hold benefits in a Sippdealxtra SIPP. Select existing SIPP if you already have a Sippdealxtra SIPP. Project benefits to a specified retirement age/date using variable assumptions. The illustration shows the projected pension commencement lump sum, maximum pension under unsecured pension (USP) and an estimated annuity as comparison. The impact of the lifetime allowance and any transitional protection is also taken into account. Please note that regardless of the investment return you choose, the full report will be based on the three rates of investment return specified by the Financial Services Authority.

Immediate Income Withdrawal new SIPP existing SIPP	Select new SIPP to calculate the immediate benefits available following a transfer to a new scheme. Select existing SIPP to calculate the immediate benefits available from your existing scheme. This enables you to calculate immediate benefits, showing the minimum and maximum pension under unsecured pension (USP), and an indication of the pension that might be provided by purchase of an annuity. Where an annuity purchase age of 75 has been selected, the illustration will also show the estimated alternative secured pension (ASP) payable from that age.

Post-Retirement Illustration new SIPP existing SIPP	Select new SIPP to project the benefits for clients transferring USP or ASP benefits to a new SIPP with us. Select existing SIPP for an illustration of benefits available from an existing USP or ASP fund, or to project the benefits for clients transferring USP/ASP benefits to an existing SIPP with us. This illustration enables you to project benefits to age 75 for clients in USP, and to project benefits for a ten year period for clients in ASP. The illustration shows the maximum, and for ASP minimum, pension available from the SIPP and an estimated annuity as comparison. The impact of any lifetime allowance at age 75 is taken into account. Please note that regardless of the investment return you choose, the full report will be based on the three rates of investment return specified by the Financial Services Authority.

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