The Minerva SIPP is operated by InvestAcc Pension Administration Limited and was launched in 2003 to offer a more flexible approach to retirement planning, together with an efficient and personal service.
At the heart of the scheme is a deposit account which pays a competitive deposit interest rate (although investors are free to choose an account with this, or any other UK authorised deposit taker).
The scheme allows a wider choice of investment over traditional insurance company pension plans, including Commercial Property and Land (which can be held on an individual or group basis, with or without borrowing), Unit Trusts and OEICs, and individual Stocks, Shares and ETFs.
SIPP Lite is based on our Minerva SIPP and is for individuals that don’t require the full range of investment options initially – meaning that we can set very low fees whilst maintaining high quality of service. Plans can be upgraded to the full Minerva SIPP at any time.
InvestAcc SSAS is particularly useful for business owners who want to run their pension affairs alongside the business, taking advantage of legislation unique to SSAS.
We are based in Carlisle, in the North West of England, and operate throughout the UK.
Our company is in private and employee ownership, we have grown organically at a rate that allows us to prioritise maintaining a high quality and personal service.
Most of our customers come to us via a financial adviser. You can find information about financial advisers using a service like www.unbiased.co.uk. Note that we do not provide financial advice.
The Minerva SIPP can invest in a wider range of assets including Commercial Property and Land, on an individual or group basis. Any combination of permitted investments may be made within a Minerva SIPP including deposit accounts, DFM, open market Platform/Wrap accounts, Stockbroker accounts and Trustee Investment Plans, all held together within the same SIPP.
SIPP Lite is a lower cost option, for those that do not require multiple investment accounts, or access to Commercial Property and Land at outset. SIPP Lite members are restricted to a maximum of one investment account, to run alongside the default SIPP bank account. This investment account could be another bank account or ONE of the following: Stockbroker account, DFM, open market Platform/Wrap account or a Trustee Investment Plan. For individuals that require additional investments at a later date, including Commercial Property and Land, they can upgrade their SIPP Lite plan to a Minerva SIPP.
A Small Self-Administered Scheme (SSAS) is a type of UK Registered Pension Scheme. Each SSAS is governed by its own Trust Deed and Rules and is a separate legal entity to the Sponsoring Employer. The Sponsoring Employer establishes the SSAS and invites members to join. Any individual employed by the Sponsoring Employer (or a participating employer) may join the Scheme and all members are appointed as Trustees alongside the Professional Trustee. SSAS trustees have a very wide range of investment options, including the ability to make secured loans to the Sponsoring Employer of up to 50% of the net asset value of the scheme, subject to certain conditions.
We have been operating in these markets for over 20 years. The SSAS business was formed in 1997, and in 2003 we launched our flagship product, the Minerva SIPP. The range is completed by SIPP Lite, which has been available since July 2012.Read More