SIPP transfer in form

SIPP
ISA
Dealing
Junior ISA
SIPP transfer in form
Transferring customer instructions
This form is your authority to transfer benefits from another registered pension scheme into a SIPP with AJ Bell
Youinvest.
If you don’t already have an AJ Bell Youinvest SIPP please apply for one using our online application before
completing this form.
Please use BLOCK CAPITALS only and blue or black ink, ticking boxes where appropriate. Once completed please
return the form to us at the address below.
AJ Bell Youinvest
Trafford House
Chester Road
Manchester
M32 0RS
If you would like a copy of this or any other item of our literature in large print, Braille or in audio format, please
contact us on 0345 54 32 600 or by email at [email protected]
To be completed by the transferring customer
Full name of customer
SIPP account number
Date of birth
Address of customer
Postcode
Full name of transferring scheme (where known)
Existing plan number or policy number under transferring scheme
Full name of administrator of transferring scheme
Address of administrator of transferring scheme
Postcode
Is the transferring scheme a final salary pension scheme?
Yes
No
By transferring from a final salary pension you will be giving up guarantees over the kind of benefits, the amount
you will receive and the level of any increases that will be applied to your pension in the future. You must take
regulated financial advice before transferring from most final salary pensions.
Is the transfer to be in the form of cash only?
Approximate fund value to be paid to the receiving scheme
Yes
No
Yes
No
£
Does this represent the full value of the plan?
Are the sums and assets being transferred in:
a) Already entirely in drawdown;
b) Already partially in drawdown;
c) Not in drawdown;
If the transfer is in drawdown you must also complete our SIPP income requirements for transfer-in drawdown form.
For an in specie transfer, please provide the name and address of the existing investment manager/stockbroker (if
applicable). Please also complete the list of assets to be transferred and their values in the assets to be re-registered
section below. If this section is not complete this may lead to delays in processing the transfer.
Name of stockbroker
Address of stockbroker
Postcode
Country
Assets to be transferred
Assets name/description
SEDOL/ISIN
Units
Value (£)
Please continue on a separate sheet if necessary.
2
IMPORTANT NOTES
If your transfer to us includes any funds that are not clean funds, and a clean fund equivalent exists, we will convert
these funds into their clean fund equivalent. If there is no clean fund equivalent we will hold the fund in its existing
form, but will be entitled to convert it in future if a clean fund equivalent is created.
If you are in serious ill health and considering a transfer of a pension, there may be an Inheritance Tax liability if you
don’t survive the transfer by two years. You should take advice before transferring if you believe this could apply to you.
Request for transfer
I authorise and instruct you to transfer sums and assets from the plan(s) as listed in this form directly to the receiving
provider and to provide any instructions and/or discharge required by any relevant third party to do so, in the form of
a) A cash payment made by cheque, or such other method agreed with us or
b) An in specie transfer of assets held on my behalf (after deduction of any outstanding liabilities or charges). Where
appropriate we will advise details of the nominee/parties to whom assets must be transferred. I understand
that 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.
Where you have asked me to give you any original policy document(s) in return for the transfer of sums and assets
and I am unable to do so, I promise that I will be responsible for any losses and/or expenses which are the result,
and which a reasonable person would consider to be the probable result, of any untrue, misleading or inaccurate
information deliberately or carelessly given by me, or on my behalf, either in this form or with respect to benefits
from the plan(s).
I authorise you and AJ Bell Youinvest or AJ Bell Management Limited or Sippdeal Trustees Limited to obtain from
each other, and release to each other, any information that may be required to enable the transfer of sums and assets
to the receiving scheme. I agree that a copy of this authority will have the validity of the original.
I authorise you and AJ Bell Youinvest or AJ Bell Management Limited or Sippdeal Trustees Limited and any employer
paying contributions to any of the plan(s) as listed in this form to obtain from each other, and release to each other,
any information that may be required to enable the transfer of sums and assets to the receiving scheme.
Until this application is accepted and complete, the receiving scheme administrator’s responsibility is limited to the
return of the total payments to the current plan.
Where the payment(s) made to the receiving scheme represent(s) all of the sums and assets under the plan(s) listed
in this form, then payment made as instructed will mean that I shall no longer be entitled to receive pension or other
benefits from the plan(s) listed.
Where the payment(s) made to the receiving scheme represent(s) part of the sums and assets under the plan(s)
listed in this form, then payment made as instructed will mean that I shall no longer be entitled to receive pension or
other benefits from that part of the plan(s) represented by the payment(s).
I promise to accept responsibility in respect of any claims, losses and expenses that AJ Bell Youinvest or AJ Bell
Management Limited or Sippdeal Trustees Limited and the current provider may incur as a result of any incorrect
information provided by me in this application or of any failure on my part to comply with any aspect of this
application.
I request 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
AJ Bell Youinvest, AJ Bell Management Limited or Sippdeal Trustees Limited.
I confirm that I am not knowingly in serious ill-health. If it is later found out that I was in serious ill health at the
time of the transfer of the plan(s) listed in this form, I authorise AJ Bell Youinvest, AJ Bell Management Limited or
Sippdeal Trustees Limited to pay death benefits into my estate.
3
Additional declaration for transfers of income drawdown benefits (if applicable)
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.
Customer’s name
Date
Customer’s signature
Transferring scheme instructions
If you require any further forms to be completed by the transferring customer please contact the customer directly.
For a cash transfer, your cheque must be made payable to ‘AJ Bell Youinvest SIPP re (insert the name of the
transferring customer) e.g. AJ Bell Youinvest SIPP re John Smith’ and sent to the address shown on the first page of
this form.
For all transfers you must provide us with full details of the benefits being transferred. The information that you
provide must confirm
• that the transferring scheme is a registered pension scheme under the Finance Act 2004
• the transferring scheme’s HMRC Pension Scheme Tax Reference
• the total transfer value
• whether the transfer contains any crystallised benefits and, if so, full details of them
• whether you have reason to believe the transferring customer has flexibly accessed their pension rights (whether
in the transferring scheme or otherwise) and, if so, specify the date you believe the rights were first accessed
• whether any of the transfer value derives from a beneficiary’s drawdown fund and, if so, whether it is a
dependant’s, nominee’s or successor’s drawdown fund, and if it is a dependant’s drawdown whether the funds are
in capped drawdown (and full details) or flexi-access drawdown
• details of any transitional protection relating to the benefits of the transferring customer and, if relevant, whether
the transfer is part of a block transfer
• whether the transfer value derives from a pension sharing order or provision or whether an earmarking order is in
force in relation to the transferring benefits.
For information, the receiving scheme is a registered pension scheme under Finance Act 2004 (PSTR: 00605674RH).
It is also an appropriate scheme (7001330A).
For all transfers you must also return this transfer authority form, (or a copy of it), to us at the address shown on
the first page of this form.
AJ Bell Management Limited (company number 03948391), AJ Bell Securities Limited (company number 02723420) and
AJ Bell Investments LLP (OC355313) are authorised and regulated by the Financial Conduct Authority.
All companies are registered in England and Wales at Trafford House, Chester Road, Manchester M32 0RS. See website for full details.
AJBYI/SIPP/TIF/20160905