When you place protected rights into the Suffolk life MasterSIPP you can benefit from:

• a range of investment options not normally available to protected rights;
• the ability for existing SIPP investors to now self invest all of their pension funds into a wider choice of assets;
• use of the protected rights to purchase property and the possibility to increase purchasing power through increased borrowing and joint property purchases; and
• discounted fees if protected rights brough in alongside existing ordinary pension benefits, either in the Suffolk Life SIPP or the MasterSIPP.

Protected rights are invested through a trustee investment plan (TIP) with Suffolk Life Annuities Limited, an insurance company. This means that although the funds can be self invested within the TIP they are still in an insured fund and thus satisfying the DWPs rules on protected rights.

This does mean that the funds cannot be merged or aggregated as one to invest. However provided the investment type is suitable there is nothing to prevent both the protected rights and ordinary pension benefits investing in the same asset - a good example of this would be the joint purchase of the same commercial property. However the client can of course still benefit from an aggregated statement.

The Suffolk Life MasterSIPP does not accept minimum contribution contracted-out rebates, only a transfer of existing protected rights funds or other contracted-out benefits.

For details of the fees and allowable investments please visit our literature library.