This content is for Financial Advisers only, not customers. Not an adviser? Visit our customer site
Elevate Pension Investment Account (PIA)
Learn more about Elevate’s SIPP option here.
What is the Pension Investment Account?
The Elevate PIA can increase the efficiency of your business while also making sure that your clients get what they need as well.
Here’s how:
- a simple pricing structure
- a comprehensive range of retirement options including regular drawdown
- fully automated pension income options with no need for paper forms or additional client signatures
- options for future legacy planning
The value of investments can go down as well as up, and your clients could get back less than they paid in.
Why choose an Elevate Pension Investment Account?
- With the Elevate PIA all steps in the retirement journey are online and automated, providing unparalleled flexibility and control when managing retirement plans.
- Whether making new payments, crystallising benefits, or taking withdrawals – instructions are made in real-time and carried out with straight through processing.
A comprehensive range of retirement income options
- Flexibility to move all or part of your client's pension into drawdown
- Make one-off withdrawals or set-up a regular income.
Why consider setting up a Regular Drawdown?
As more clients seek to phase their retirement our Regular Drawdown option could be a good way of providing a tax efficient income.
Our Regular Drawdown option is fully automated and online, so you can set-up a regular income for clients. Each withdrawal can be tax-free cash or the right mix of tax-free cash and taxable income to suit their circumstances.
Elevate Regular Drawdown allows you to:
- Select the investments to be used to provide income or moved into drawdown
- Choose the right payment date and frequency – income can be paid on any date your client wants between the 1st and 28th of each month
- Receive alerts should the Regular Drawdown instruction need amending
Laws and tax rules may change over time and tax treatment will depend on your client’s individual circumstances.
Financial Services Compensation Scheme
This account is covered by the Financial Services Compensation Scheme (FSCS), but this does not cover the performance of investments made with the account. This means that if we were unable to pay claims / benefits because of financial difficulties, your client may be able to make a claim with the FSCS if they are eligible.
Flexible pricing
Our pricing structure has been built on simplicity, so our charges are clear, simple and transparent.
Our range of wrappers
We offer a range of product wrappers allowing you to review and manage your clients' investments all in one place.
Tools and illustrations
Manage your clients' portfolios quickly and easily using our tools or get an illustration.