At its heart the Suffolk Life MasterSIPP is a means to not only invest for your retirement, but to take control over your plan while you do so. With guidance from your own financial adviser, the Suffolk Life MasterSIPP allows you to self-invest your funds in a wide and diverse array of assets of your own or your adviser's choosing. It then subsequently allows flexible options when you choose to take benefits, including alternatively secured pension and unsecured income.

Product summary

• Self-invest your fund in a wider range of assets of your choice and take control of your own retirement plans
• Flexible retirement options to suit your needs at the time, including alternatively secured pension and unsecured income
• Reduced fees for existing Suffolk Life SIPP or Suffolk Life MasterSIPP investors when setting up a protected rights plan

Whilst there is one Suffolk Life MasterSIPP, ordinary pension benefits and protected rights funds must be administrated by us as separate funds. This is because there are limitations on how you crystallise your pension benefits and on what assets your different funds can be invested in.

For protected rights the Suffolk Life MasterSIPP will only accept transfers from funds accrued in another pension scheme, and cannot accept lump sum or regular contributions. If you already hold a Suffolk Life SIPP or Suffolk Life MasterSIPP the establishment and annual management fees are reduced.

Where applicable tax relief at the basic rate and up to the prescribed HMRC limits are claimed on your behalf by us and higher rate tax payers may reclaim further relief through their annual self assessment.

We only accept applications to take out a Suffolk Life MasterSIPP via an authorised financial adviser.