Quilter Invest SIPP Declaration 

For your own benefit and protection, read the Quilter Invest Terms and Conditions and Key Features Document before committing to an investment. If you do not understand any point, contact support@quilterinvest.com. Using our services means acceptance and agreement of the Terms and Conditions.

I apply to subscribe for a Quilter Invest Self-Invested Personal Pension (“SIPP”) and agree to be bound by the Terms and Conditions, which may be amended from time to time.  

I understand that: 

  • The SIPP is a long-term, tax-efficient way to save for retirement. 

  • The SIPP is available to individuals aged above the age of 18 and below the age of 50, who are UK residents for tax purposes.

  • Drawdown is not yet available online via the digital app or website (although this is coming soon) but where drawdown is needed, we can support this via a manual process where required.

  • Seccl Custody Limited (“Seccl”) is appointed to have custody of my cash and investments. 

I declare that: 

  • If I do not understand any aspect of the documents and declarations, or have any questions, I will contact support before proceeding.

  • I am above the age of 18 and below the age of 50, and a relevant UK individual for the purposes of tax relief.

  • I will inform Quilter Invest in writing within 30 days if my name, permanent residential address, or residency status changes; if I am declared bankrupt; or if any information provided in my application becomes untrue or incomplete.

  • All subscriptions made, and to be made, belong to me;  

  • I have not made, and will not make, contributions more than the applicable annual allowance to this SIPP and any other registered pension schemes in the same tax year.

  • I have read, understood, and agree to the Terms and Conditions, Key Features Documents and Privacy statement that together form the legally binding agreement to open my pension account, and consent to my personal data being processed as described. 

I authorise Seccl to: 

  • Hold my cash subscription, investments, income and any other rights or proceeds relating to my SIPP, and to make and receive payments to facilitate my SIPP;

  • To act on my instructions in accordance with the Terms and Conditions; 

  • To make on my behalf any claims to relief from tax in respect of SIPP investments. 

Transfer-in Declarations  

Where I request to transfer an existing pension: 

  • I authorise and instruct Seccl to transfer the value from the plan(s) directly to the SIPP, and to provide any instructions and or discharge required by any relevant third party to do so.

  • I accept that identity and residential address checks may be required and I may need to provide documents to complete this.

  • Understand that until the transfer is complete, Seccl’s responsibility is limited to returning the total payment to the ceding provider.

  • I accept responsibility for any claims, losses, expenses, tax charges, or penalties that may incur because of any incorrect, untrue, or misleading information in this application, or of any failure on my part to comply with any aspect of this application.

  • I understand that once payment is made to Seccl, I will no longer be entitled to receive pension benefits from the whole (or relevant part) of the transferring plan(s).

  • I understand the benefits under the Quilter Invest SIPP may differ from those of my previous provider and that survivor benefits may not be provided from the transfer payment. 

Contribution Declarations 

If contributions are to be paid, I declare that: 

  1. I am above the age of 18 and below the age of 50, and a relevant UK individual for the purposes of tax relief.

  2. My contributions across all pension schemes for which I am entitled to tax relief will not exceed the basic amount or 100% of my relevant UK earnings (whichever is higher).

  3. I will notify Quilter Invest if I am no longer entitled to tax relief. 

I understand: 

  • Tax relief will be claimed at the basic rate on my behalf and added to my SIPP once received from HMRC.

  • I am responsible for monitoring my annual allowance and any Money Purchase Annual Allowance (MPAA) restrictions.

  • Contributions can only be refunded in limited circumstances permitted by HMRC.

  • I will give notice if an event occurs that means I am no longer entitled to tax relief under section 188 of the Finance Act 2004, by the later of:

  • End of the tax year in which the event occurs; and,

  • 30 days after the event.

  • Enhanced or Fixed Protection (applied for after 15 March 2023) will be lost if any contribution is made to this or any other pension plan, and it is my responsibility if this occurs.

  • I must report contributions across all pension schemes via my self-assessment tax return, and that exceeding the annual allowance or MPAA normally results in a tax charge at my marginal rate.

  • Once contributions have been received into my SIPP, they can only be refunded under HMRC rules or if I cancel my pension plan within the 30‑day cancellation period. 

I declare that the application form has been completed to the best of my knowledge and belief. I will notify you without delay of changes to these particulars.