There are a variety of forms required to establish a SIPP. Which ones you need depend on what your client wishes to achieve.

Application form
Required if your client is setting up a new SIPP to accept contributions and/or transfers of uncrystallised pension benefits, whether these transfers are of protected rights, ordinary pension benefits or a combination of the two. If there is an intention to start taking pension benefits as soon as possible following receipt of contributions and/or transfers, they should also complete the unsecured income form in addition. Please complete a separate section 4 of the application form for each scheme that is being tranferred.

Application form for use when transferring crystallised benefits
Required if your client is transferring benefits that are already in unsecured income or alternatively secured pension. A separate form must be completed for each USP/ASP fund being transferred to us. There is no need to complete a standard application form as well, unless uncrystallised benefits are also being transferred or contributions are to be made.

Unsecured income form
Required if your client wants to start receiving unsecured income from an existing Suffolk Life SIPP or Suffolk Life MasterSIPP, (including if a pension commencement lump sum but no income is required), or if they wish to take benefits as soon as possible after a new SIPP has been established). There are separate forms for each SIPP. If immediate benefits are required, please send this form at the same time as the application form. If your client holds both ordinary pension benefits and protected rights benefits within the Suffolk Life MasterSIPP and wishes to crystallise the two simultaneously, the same unsecured income form can be used to cover both.

Alternatively secured pension form
Required when your client is nearing age 75 and wishes to start or continue to receive an income without the purchase of an annuity.

Property form
Required to initiate the purchase of a property on behalf of your client’s SIPP or to receive an in specie transfer of property. A form should be completed for each property being purchased although only one form is required if more than one of your clients are investing in a single property.

Terms and conditions, schedule of fees, schedule of allowable investments, key features document and illustration
Please ensure that your client receives these before they sign any of our application forms.

All the forms and documents detailed can be found in the Literature Library section of the adviser area of our website and illustrations can be obtained from the illustration wizard. If you need an unsecured income or alternatively secured pension illustration, please contact our client services team.