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• Account options
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Account options

SIPP options

Your SIPP Share Dealing Account account gives you access to straightforward service, a wide range of investments to deal in and practical support.

Coupled with the expert pensions administration provided by our partners, Sippdealxtra, it means you've the flexibility and choice to manage your pension in the way that to suits you best.

As well as options on how much and when you contribute, where and when you invest, and when and how you take your pension benefits, your SIPP Share Dealing Account account gives you various dealing and administration options too.

And we offer you various choices, such as what you pay for dealing, what you do with your dividends, how you receive contract notes and regular valuation reports from us, and whether or not you want to receive a Company's Annual Report & Accounts.

The Trader option

When it comes to dealing costs, what you pay to buy or sell investments depends on the value of that transaction. We don't ask you to deal frequently or set minimum investment amounts: how often you deal is entirely up to you. But if you are expecting to be quite actively trading you might want to choose the Trader option, where you pay a fixed amount for each transaction instead.

You can buy or sell shares up to the value of £25,000 for a flat dealing commission of £7.50. Deals over this size are charged at an additional £7.50 per £25,000 of value. The Trader option costs just £20 + VAT each quarter in advance, no matter how many accounts you've got.

Which is best for you is likely to depend on how often you will be buying or selling investments, and what the value of each transaction will be.

We appreciate it can be difficult to see in advance what your dealing pattern might be, so if you later find it's different from what you had anticipated, no problem. Simply ask us to switch you over to the more appropriate option.

Equally, we understand you might want to set up a number of different accounts, or different types of accounts for different purposes, taking advantage of an ISA or even investing for your children, for example.

When you choose the Trader option it applies to all your accounts (apart from Certificate Sales) – whichever account you deal in, the same fixed commission rate applies. When you're working out which option suits you best, do take into account transactions you might want to carry out across all your accounts. Equally, changes in the prices, and therefore values, of your shares might also affect your choice.

What are the costs?

Managing your dividends

The main source of income from your investments will be dividend payments on shares, or interest payments from bonds or gilts. Also, if you keep cash in your account you'll receive credit interest from us each quarter.

As you're investing to build up the value of your capital you may want to choose to have dividends and other income automatically re-invested every quarter. Because we carry this out for all our customers at the same time, you benefit from reduced commission, as described in 'Costs'. Alternatively, you can leave your income in the account ready for you to invest when and where you want, or transfer it back to you SIPP Trustee cash account.

When you choose to reinvest your dividends, and any other income such as interest on any cash balance in your account, you can:

• invest into any individual share, so long as you already hold them in the account. You can change your re-investment instructions at any time but please allow at least 3 days before the next re-investment is due to take place so we can act on your new instructions
• invest into the share of the highest value fund or share in the account

Please note that, in order to invest in interest-paying investments such as gilts, bonds, unit trusts and OEICs, or to receive credit interest on your cash balance, you must be resident in the UK.

You can tell us on your account application how you want income to be handled, then make any changes in the future simply by calling our Customer Service team with your instructions.

Contract notes by email

To keep right up to date with purchases or sales you've completed, ask us to send your contract notes by email.

Shortly after your order has been completed we'll email you full details, including confirmation of which investments you have bought or sold, the price, dealing commission and other costs, such as Stamp Duty.

You can set up this option from 'my profile' once you've signed in using your unique Customer Reference and PIN / Password. And if you change your mind at some point in the future simply alter your selection.

Statements by email

Each half-year we'll send you a statement showing all transactions completed during the previous six months, and a summary of your investments and their value.

Many customers choose to receive this by email, whether for convenience or perhaps to help reduce the amount of paper passing through their hands.

So if you prefer to have your statements electronically, select the email option in 'my profile' after signing in.

Company reports

Some investors like to receive a printed copy of a company's Report & Accounts so, as part of our service, you can ask us to arrange for you to receive these from company's whose shares you hold.

For an even more convenient and faster way to review a company's Report you may be able to receive your copy electronically. Our Annual Report & Accounts service means you can get the latest available reports direct to your pc. Register for this free service and not only can you see the Reports from companies you invest in, but you can also look at those for other companies too.

Not all companies subscribe to the Annual Report service and, for those that do, not all make their Reports available electronically. But our search function makes it easy for you to see if the information you want is available. To make it easier, you'll see a against shares you hold in your accounts, or in your ShareWatch, to show a Report is available through this service.

01296 41 41 42