Welcome to the Cavendish Online SIPP via Fidelity's Fundsnetwork
The Cavendish Online Self Invested Personal Pension (SIPP) brings major benefits to clients managing their own pension portfolio.
- Rebate of renewal commission directly into your bank account every three months.
- One account for your pension portfolio.
- The facility to manage your portfolio quickly and easily online.
- 1100 funds from 60 investment companies available.
- Access to Fidelity's market leading fund research, analysis and information tools.
The primary benefit of using Cavendish Online for your SIPP is the low cost incorporating our Renewal Commission Cashback Service. In summary we will rebate 100% of the renewal commission each year. Most of the pension funds pay renewal commission of 0.5% of the value of the fund per annum, so rebating this can have significant benefits to you.
We are the first company to receive confirmation from the Inland Revenue that we can pay the renewal commission on your SIPP back to you, the investor. They have confirmed that this will not affect the status of your pension. They have not confirmed how the renewal commission will be taxed in the hands of the recipient (you). Their current response is that this is an untested area. The worst case scenario as explained by the Inland Revenue is that the renewal commission may be taxable as income, although this is not the case with ISA/Pep renewal commission rebate schemes.
