10 MAR 2021


Introducing the Ardan SIPP

We’ve teamed up with a leading pension administration business to create a Self-Invested Personal Pension (SIPP) to be used with the Ardan platform.

The Ardan SIPP can be set up entirely online, a major plus given the current Covid-19 crisis. It is also more cost effective than other pension schemes.

Our SIPP will be managed by Hartley Pensions, experts with a strong track record in this field. It is open to both UK and non-UK residents and will be perfect for those clients who want to carry out a pension transfer or begin funding their retirement.

A SIPP is a tax-efficient investment vehicle intended to provide benefits in retirement. The investment component of the Ardan SIPP is restricted to the Ardan platform only.

Key features:

  • Existing pensions can generally be transferred to an Ardan SIPP from HMRC recognised schemes. Transfers are also possible from defined benefit schemes (eg final salary schemes). Please note that personal advice from a Financial Conduct Authority regulated adviser, with the appropriate pension transfer qualifications, is required.
  • A scheme member can make personal contributions to a SIPP, as can others including a spouse, parents or employer.

Who manages the investment held in the Ardan SIPP?

A financial adviser must be appointed to manage the investments within the SIPP. Neither Ardan nor Hartley Pensions are investment advisers or managers, nor do they give any financial or tax advice.

What types of assets can be held within the SIPP?

The standard Ardan/SIPP asset acceptance rules apply to any investments or fund links made available on the Ardan platform. Residential and commercial property cannot be held.

When can SIPP benefits be accessed?

The earliest age a scheme member can start taking money from their SIPP is 55 (due to rise to 57 in 2028) unless they are in serious ill health, as defined by the Finance Act 2004.

How can benefits be taken?

Scheme members can drawdown up to 25% of their SIPP free of UK tax from the age of 55 as a Pension Commencement Lump Sum (PCLS), but the remaining pot must form a ‘drawdown plan’. From 2028, PCLS can only be accessed from age 57.

After taking a PCLS, there is the option to have complete flexibility (known as ‘flexi-access’) as to how a scheme member draws down from their plan (i.e. any combination of lump sums or monthly payment), but each drawdown will be taxed at the member’s normal UK income tax rate, irrespective of whether lump sums or regular income is taken.

What happens to the SIPP on the death of the scheme member?

If death occurs before the age of 75, a beneficiary can choose to take a UK tax free lump sum or transfer the SIPP into their own name or an external pension scheme.

If death occurs after age 75, the beneficiary can choose to take the whole pot as a lump sum but this will be subject to a UK tax charge at the marginal rate of the beneficiary or they could transfer the SIPP into a pension arrangement in their own name which can be used to take an income via drawdown. Any income taken will be subject to UK income tax at the beneficiary’s normal rate.


Whilst the UK may not apply a tax charge to a payment from a SIPP, other jurisdictions may do so.

A Double Taxation Agreement between the UK and the scheme member’s country of residence may also dictate which jurisdiction has taxing rights over any payment received.

*The scheme member should always obtain tax advice specific to the jurisdiction where they are tax resident to understand the tax consequences of any payment they request.

How much does an Ardan SIPP cost?

Setup Fees £250 + VAT*
Annual Uncrystallised Admin Fees £300 + VAT*
Annual Drawdown Admin Fees £400 + VAT*

*Where applicable

When do I pay the annual fee?

We will withdraw the annual fee from your account on a yearly basis, a year from when your SIPP was established.

Are there any other costs I should be aware of?

Uncrystallised funds pension lump sum (UFPLS) £100 per event
Transfer Out £250 + VAT*
Death £300 + VAT*
Divorce £750 + VAT*
Non Standard Asset Fee £250 + VAT PA*

*Where applicable

Additional charges may apply for the actual investments made. These will be advised to you by your appointed Financial Adviser and/or the provider of the chosen investment. It is important that you understand fully all the charges that are made.

How can I get started?

For a standard new application, Hartley require the following documentation:

- Ardan SIPP Application Form- To open the Hartley SIPP

- Ardan Pension Trustee Application- To open the platform within the SIPP, Hartley require this to be signed by the member

- Ardan Pricing Schedule- Agreed fee structure for the Ardan Platform and Hartley require this to be signed by the member

- Transfer In Authority Form- To provide Hartley with the authority to communicate with the transfer

All of the Ardan SIPP literature can be found on the Ardan SIPP downloads page.

Supporting Documents

- Certified ID (Passport/Driving License/ID Card)

*For DB Pension Transfers proof of physical address is also required.

Submitting the Application

Existing users of the RL360 SIPP in association with Hartley Pensions, can use the their existing login details within the new Ardan SIPP Portal.

New users must contact Hartley to arrange online access.

Placing Trades

The placing of trades on the Ardan Platform follows your current standard process, trades do not need to be sent to Hartley for review.

Get in touch with your Ardan Regional Sales Manager to find out more.

This is not a promotion of a pension scheme to Isle of Man residents. Ardan International is not authorised or licensed to act as a Pension Scheme Administrator in the Isle of Man.