SIPP Account definition

SIPP Account means a SIPP Account as further described at clause 2.2.2;
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SIPP Account means a Self Invested Personal Pension (SIPP) arrangement entered into in accordance with our Agreement under the Scheme and, unless specified otherwise, includes a Child SIPP;
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SIPP Account means an account or an arrangement under a registered pension scheme under the Finance Act which provides certain benefits available from such a registered pension scheme;
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Examples of SIPP Account in a sentence

  • In relation to the application for a Fidelity Junior SIPP, I make the declarations set out below.• In respect of the individual named in this application (the “Applicant”) I declare that:• I am the legal guardian of the Applicant; and• the Applicant is under 18 years of age.• Until the Applicant reaches 18 years of age I will be responsible for the Fidelity SIPP Account asif I were the Account holder.

  • Income and dividends Income generated by your SIPP Investments must be kept in your SIPP Account.

  • Opening a SIPP Account 2.1 You may not open a SIPP Account jointly with anyone else.

  • The SIPP Operator is the Scheme Administrator of the 7IM SIPP and will arrange for the payment and distribution of death benefits from your 7IM SIPP Account on your death.Please complete this section of the application form to specify your wishes about how you would like your 7IM SIPP funds distributed.

  • If you have a SIPP Account these Terms will apply in addition to our General Terms.

  • You can normally only withdraw money from your SIPP Account when you meet the Normal Minimum Pension age.

  • If there is not enough cash available in your 7IM SIPP Account to pay benefits, the payment will not be made.

  • You have 14 days from the account opening date to cancel an Investment Account, ISA Account or Junior ISA account; 30 days from the account opening date to cancel a SIPP Account or a Child SIPP Account and 30 days to cancel following each transfer of a pension from another provider to your SIPP (for SIPPs, full details of cancellation rights can be found in the Best SIPP Key Features Document).

  • If you have received income from your SIPP Account, in a tax year, we will send to your Approved Adviser an annual illustration which shows you the likely effect of future withdrawals.

  • Tax relief 6.1 When you make a personal Contribution to your SIPP Account you may be entitled to tax relief on that contribution in accordance with the Finance Act.


More Definitions of SIPP Account

SIPP Account means the SIPP Cash Account and the SIPP Portfolio. “SIPP Cash Account” means an account under the STL Account opened by Barclays for your SIPP in which the Cash held by Barclays on behalf of your SIPP in accordance with these Terms and Conditions is held.
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SIPP Account means Your SIPP's share of the general account, or accounts, held with the Bank for the joint benefit of Members of the Scheme.
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SIPP Account means a Self-Invested Personal Pension (SIPP) arrangement entered into in accordance with our Client Terms and Conditions and these Terms under the Alliance Trust pension plan (the Scheme) and, unless specified otherwise, includes a Child SIPP;
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SIPP Account a unique account that you will have with Hubwise with a designated account reference number and containing information regarding any SIPP we hold on the Platform on your behalf. WEALTHTRACKER SIPP: a self-invested personal pension for a Client provided by Hubwise Securities Limited and Hubwise Nominees Limited, as authorised pension provider. SWITCH: is where an Asset is sold, and the sale proceeds reinvested into another Asset. TERMS, OR T&CS: these terms and conditions. TEX: the cross-industry transfer arrangement, established by The Investing & Saving Alliance (XXXX), that works to agreed standard service levels to improve the processing of transfers between platforms and Fund Administrators. THIRD PARTY PENSION PROVIDER (TPPP): a company that provides the services of trustee, operator and administrator of pension schemes and maintains all the necessary legal authorisations and regulations to enable it to provide a SIPP). UNITS: units or shares of any class in a Fund, including any fractions or decimals of units. US PERSONS: any individual or non-individual (i.e., corporate entity) that meets any one or more of the criteria of a US Person as defined by either the US Securities Act or US Internal Revenue Service as amended from time to time. VALUATION PRICING TIME/VALUATION POINT: on a Business Day, the time set by the Fund managers when the Fund is valued, and the price of Units set. WRAPPER: any Wealthtracker GIA, Wealthtracker ISA, Wealthtracker XXXX, XXXX or Offshore Bond on the Platform. YEAR: a year beginning on 6th April and ending on the following 5th April, commonly known as the tax year. Wealth Tracker Limited Terms and Conditions (Effective: 01/JUL/2022) WEALTHT 5 THE WEA LTH TRACKER SOLUTION CLIENT CATEGORISATION For the purpose of providing you with the Services outlined in these T&Cs, you are categorised as a Retail Client. This means you will be afforded the highest level of protection under the FCA’s regulatory regime. However this does not necessarily mean that you will be automatically be eligible to bring a claim under any investor compensation scheme or ombudsman service. Under these T&Cs, depending on the services provided to you and in addition to your existing relationship with your Adviser, you will therefore be a Retail Client of the following:
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Related to SIPP Account

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • frozen account means an account with a relevant institution which is held or controlled (directly or indirectly) by a designated person;

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Employer Account The Participant's Matching 401(k) Contributions Account, Matching Thrift Contributions Account, Employer Contributions Account, Qualified Matching Contributions Account and Qualified Nonelective Contributions Account, as the case may be.

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Payroll Deduction Account means the bookkeeping account established for a Participant in accordance with Section 6.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Designated Retirement Account means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Plan Account means the account established for each Participant pursuant to Section 8(a).

  • Share Account A form of Deposit Account that each member is required to maintain to remain a member of BECU. We, us, our: BECU. You, your: Each person or entity, individually, and collectively, who opens, establishes, accesses, is named as an Account Holder or Authorized Signer or who applies for any Account.

  • Individual Account Means the account established and maintained under this Plan for each Participant in accordance with Section 4.01.

  • Sub-Account means any of the individual sub-accounts of a Participant's Separate Account that is maintained as provided in Article VIII.