The Individual Buyout Plan is for clients who want to control the investment of their retirement fund and are
- Under 75
- Resident in the UK
- Looking to take benefits from age 55
- Transferring from a registered pension scheme
- Able to invest £2,000 minimum
And can benefit those that
- Are in S32 contracts prior to A-Day
- Are an active or paid-up member of an occupational schemes, such as Executive Pension Plans, where the trustees are winding-up the scheme
- Have had their occupational scheme benefits assigned to them prior to A-Day
- Want to invest the transfer value from an employer-sponsored registered pension scheme into a wide range of funds
Features & benefits
The Individual Buyout Plan offers you and your client
- Increased flexibility of investment options
- Control over when to retire, from age 55
- Control over managing pension funds into retirement
- It can run alongside a Group Pension scheme offering, for certain individual members
- Protection of tax-free cash (TFC), in certain circumstances
Features & benefits
To help you offer your clients the best return on investments we have an extensive range of funds, including
- Single manager and tracker funds managed by Scottish Widows Investment Partnership
- Investment funds managed by external managers
- Multi-manager funds
- Lifestyle switching
- Solution & Portfolio funds managed via SWIP & Russell Group
View fund performance, fund prices and fund factsheets.
Online services
Complete a range of tasks quickly and easily using eServices, from setting up new business to servicing your existing clients
Literature
Download sales aids, application forms, key features, adviser and client guides from our Individual Buyout Plan literature.
Tools and calculators
Our online tools and calculators can help you make clear recommendations, including reports, to support your recommendations and an audit trail for compliance purposes
