Due to 5th April falling on Easter Monday this year, the last practical day to get new SIPP applications and contributions to us for the 2020/21 tax year will be Thursday 1st April 2021.
Note that as our SIPPs now have individual bank accounts, contributions must be paid directly to the correct individual account and include the SIPP number as the reference. If you are unsure as to the correct bank account details to use, please phone us on 01228 538 988 and ask for the SIPP Accounts Team.
For existing SIPP members, we will need a new signed Supplementary Contribution Application to accompany the contribution, this can be downloaded from our website and should be sent by email to: [email protected] (or by post to InvestAcc Pension Administration Limited, Minerva House, Port Road Business Park, Carlisle, CA2 7AF or by fax to 01228 535 988).
For new SIPP schemes, we will need a fully completed new SIPP Application which can be sent to us by email to: [email protected] or by post or fax using the contact details above. You should follow that up with a phone call to confirm receipt and to request the payment details, if making a last minute contribution.
Any contributions paid electronically after close of business on Thursday 1st April 2021 will be treated as received on 6th April 2021, in the new tax year. For any absolute last minute applications, our Carlisle office will be receiving post on Saturday 3rd April, but these applications must be accompanied by a cheque in order to be counted for the 2020/21 tax year.
February 25th, 2021
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.
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