Welcome to Cavendish Online

* Not Tiered means the same Annual Management Charge will be applied to the whole fund once the threshold is reached.

**Discount applies to funds where the FMC is 1% or above. Refer to Fund Choices and Charges Guide for more details.

Min / Max Contributions

• Minimum regular contribution by direct debit is £120 net (£150 gross) per month or £1,200 net (£1,500 gross) annually. Once there is £25,000 in the pension, monthly payments can be lowered to £80 net (£100 gross).
• Minimum transfer from an existing pension is £1,000 if no regular direct debit contribution is being made. Otherwise the minimum is £500.
• Minimum single, lump sum contribution by cheque is £800 net (£1,000 gross) if no regular direct debit contribution is being made. Otherwise the minimum is £400 net (£500 gross).
• The maximum amount you can pay into your registered pension schemes in any tax year is 100% of your UK taxable earnings. (Maximum for a non- earner is £2,880 net (£3,600 gross)).

Age Limits / restrictions

• To apply for the Standard Life Active Money Personal Pension you must be between 0 – 74yrs and a UK resident, Crown servant or the spouse or registered civil partner of a Crown servant.
• The minimum term is two months. All payments into the plan must cease by age 75. Benefits must be taken by age 75.
• It is suitable for the employed, self employed, unemployed, pensioners and minors.
• The same application for is used for adults and minors. If you are under 16, the application must be completed by a legal guardian on your behalf.

Standard Life has a wide selection of funds for you to choose from.

Please view the document below for full details:

Documents

Fund Choices & Charges Guide

For more information on Standard Life's Active Money Personal Pension please visit their website. You will need to return to Cavendish Online to apply and benefit from the discounts.

http://www.standardlife.co.uk/1/site/uk/pensions/products/ampp

Please also read the Active Money Client Guide

NEW PENSION

To apply please post all the following to 'FREEPOST Cavendish Online':

1. Application Form
2. Client Declaration
3. A cheque for your contribution and / or direct debit mandate form(s), made payable to the pension company.
4. Money Laundering Verification Documents*
5. Our £35 fee (cheque to Cavendish Online or pay online). £40 if you would like your ID documents returned via registered post.

NEW PENSION & TRANSFER

If you are also transferring an existing pension please send the following in addition to the items above:

1. Transfer Form (included within Application Form above)
2. A Transfer Valuation and / or Discharge Forms**
3. Our Transfer Fee***

* Money Laundering Identification (MLI)

You will need to submit Money Laundering Information in the form of certified copies# or originals of either your passport OR driving licence (if you have a photo licence we need to see both the card and paper parts) AND a recent utility bill or bank statement issued within the last 3 months (not mobile phone) showing your address.

Company MLI: If your employer is paying into your pension then we will also require a letter from the company on headed paper stating that they are paying into your plan and listing the main signatories/directors. We also require proof of the company address, i.e. a utility bill.

Pension for a minor: If you are setting up a pension for someone under 18 years old then please send money laundering information for them. We require the original or certified copy# of either their birth certificate OR passport. We will also require full MLI for the person paying the premiums.

#A certified copy is where a person of authority (solicitor, teacher, director, post office clerk etc) signs a copy of the original document stating that it is a true copy of the original document. They will need to sign and date the document and add their name and position.

**Discharge Forms

Speak to your existing pension provider and let them know you are transferring the pension. They can then post these forms out to you. You may also want a comparative current valuation to check if you will lose any additional benefits by moving the money. The discharge forms can be obtained mid-transfer or can be requested by your new pension provider if you cannot access these forms although sending them in initially will speed up the process.

***Transfer Fees

£70 = New Pension Application + Single Transfer                                   

£75 = New Pension Application + Single Transfer + Recorded Delivery

£100 = New Pension Application + 2 or more Transfers (Inc RD) (Fees capped at £100)