Home | Dealing Accounts | ISAs | SIPPs | Fund Supermarket | Shareholder Benefits | Account Access | Research | Literature Centre| Select SIPP FAQs Who can open a Select SIPP? You can apply for a Select SIPP at any age from 18, but you can only make contributions and claim tax relief up to age 75. To open an Account, make personal contributions and claim tax relief, you must meet certain residency and earnings tests. If you do not have UK earnings, you can still contribute to a Select SIPP, but there may be restrictions on the amount of tax relief you can claim. How much can you pay into a Select SIPP? The minimum payment we can accept into a Select SIPP is £50 if you are paying by cheque or regular direct debits. There is no maximum limit on the amount you can contribute to your Select SIPP in any tax year, although the amount of tax relief you can obtain is limited. Tax relief can be available on personal contributions up to 100% of your taxable earnings in each tax year, or up to £3,600 if your earnings are below this level. We will automatically assume that personal contributions you make are paid net of basic rate tax and are eligible for tax relief, unless you notify us to the contrary. Who can pay into a Select SIPP? Both the Account holder, and an employer can make contributions into a Select SIPP. If an employer is making contributions, these will be made on a gross basis. There is no limit on the amount that an employer can contribute, but their contributions will count towards your annual allowance. Can I transfer into a Select SIPP? You may be able to transfer the investments you hold in another pension scheme into a Select SIPP. Transfers may be made from a personal pension, a SIPP, or other type of pension you hold with another provider or scheme. When making a decision to transfer a pension, you should consider the benefits that you may be giving up, as well as those you stand to gain. More information on transferring a SIPP can be found in the Alliance Trust Savings Handbook. Can I make a contribution using employee shares? If you are part of a share scheme recognised and approved by HM Revenue & Customs (HMRC), you may be able to transfer shares you have acquired through that scheme into your Stocks and Shares ISA or Select SIPP. Shares can be transferred from an HMRC approved:
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 See Also ........................................................... Select SIPP Literature ........................................................... Investment Choice ...........................................................  Table of Charges........................................................... Interest Rates Table........................................................... How to Apply ........................................................... Important Information ........................................................... Terms and Conditions........................................................... Alliance Trust Savings Handbook........................................................... Alliance Trust Savings Sales Guide ........................................................... Order Handling Policy........................................................... Conflicts of Interest Policy........................................................... |