Solutions for Pensions

Reserve Account for Pensions

An instant access bank account designed to hold SIPP and SSAS schemes cash funds with a minimum account opening balance of £5,000. Available in sterling, euro or US dollar, with instant transfers between linked accounts and up to 30 day-to-day transactions* per calendar month without incurring a transaction fee.

 

*Day to day transactions on this account are: cheque withdrawals; Standing Orders, Direct Debits; bill payments and electronic payments.

Sovereign 30 Account

Available for Self Invested Personal Pension (SIPP) accounts only.
An Account that offers an enhanced rate of interest, providing that 30 days' notice can be given of each intended withdrawal. One penalty free withdrawal per year of up to £2,500 is also permitted providing the balance is over £5,000. Interest is only paid on balances that remain at £5,000 or over.

Investment SIPP Account

Available for Self Invested Personal Pension (SIPP) accounts only.
A Self Invested Personal Pension (SIPP) account where control is given to the Pensioneer Trustee who manages a customer's personal pension assets.

Asset 30 Account - Issue Three

Available for Small Self Administered Scheme (SSAS) accounts only.
An account that offers an enhanced rate of interest, providing that 30 days' notice can be given for each intended withdrawal. One penalty free withdrawal per annum is also permitted provided the balance is over £5,000. Interest is only paid on balances that remain at £5,000 or more. The minimum account opening balance is £5,000. Clients can select to have the monthly interest credited to another linked account so that it may be accessed more easily (provided the balance remains above £10,000).

Term Deposit Account

Our sterling Term Deposit Accounts are designed to provide SIPP and SSAS schemes administered by Pension Administrators with a fixed interest rate on funds of £50,000 or over. They can be deposited for an agreed term of between 3 months and 36 months, with an interest rate which is fixed on the day of deposit. 

 

Please note that no withdrawals/closures are permitted during the fixed term. However, should there be extenuating circumstances, early withdrawal/closure will be considered, at the complete discretion of Cater Allen Limited. In these instances your account will only be credited with the capital. In the event of the death of the holder of the account, the capital will be repaid with interest earned to date.