SIPPs share the attractive tax benefits common to all pensions but they are different in one key respect – you control all of the investment decisions.
The EQi SIPP gives you the flexibility and investing opportunities you need to play an active part building your pension over the long-term.
You can invest in a wide range of assets, access investing tools and expert views, and even choose from funds that align with your long-term goals.
At EQi, you are the manager of your own pension fund but, as with other personal pensions, that leaves two further requirements – administrative and trustee services. EQi does not provide these services and so we partnered with the SIPP provider Gaudi, as this means our customers benefit from great service but at a low-cost.
Gaudi will manage the administration and trustee services for your SIPP under their pension scheme, ensuring that you get all the tax benefits offered by the Government.
You’ll pay an annual administration fee, which covers the costs of the day to day running of your SIPP, including processing contributions, transfers, investments and paying benefits.
EQi works alongside Gaudi as the custodian of your assets, and it is the EQi platform that allows you to access and control your investments.
You can also transfer any previous SIPPs, private pensions or employer pensions into your EQi SIPP account, and by bringing them together in one pot, you can reduce the amount you pay in fees and benefit from the EQi SIPP low annual administration cost.
You then build your portfolio of investments, and join 1.4 million other SIPP investors who are also working towards financial independence in retirement.
The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.
EQi does not provide investment advice. If you are in any doubt as to the risk or suitability of an investment or product you should seek advice from an independent financial adviser.
The extent and value of any Lifetime ISA tax advantages or benefits will vary according to the individual's circumstances. The government bonus may also change. Once in the LISA your money is only accessible, in general, when you buy your first home or at age 60. If you withdraw early from your Lifetime ISA between 6 March 2020 and 5 April 2021, you will pay a 20% withdrawal penalty on the amount withdrawn. After this time, the withdrawal penalty will increase to the usual 25%.