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SIPP Nomination/Expression of Wish In the event of your death, any remaining benefits held in respect of your membership of The Nova SIPP will be settled at the discretion of the Scheme Administrator

How to fill out sipp nominationexpression of wish

How to fill out sipp nomination expression of wish:

1. Begin by obtaining the necessary form from your SIPP provider. This form is typically called the nomination expression of wish form.
2. Clearly identify yourself on the form by providing your full name, date of birth, and SIPP account number. It's important to ensure these details are accurate to avoid any confusion.
3. Consider who you would like to nominate as a beneficiary of your SIPP funds in the event of your death. This can include family members, friends, or even charitable organizations.
4. List the full names of your nominated beneficiaries and their relationship to you. It's important to provide accurate and up-to-date contact information for each beneficiary.
5. Indicate the percentage of your SIPP funds you would like each beneficiary to receive. Ensure that the total percentages add up to 100%.
6. If you have any specific wishes or instructions for the distribution of your SIPP funds, make sure to include them in the form. This can include preferences regarding lump-sum payments, annuities, or other investment options.
7. Once you have filled out the form, carefully review it for accuracy and completeness. Check for any errors or missing information.
8. Sign and date the form, confirming that the information provided is true and accurate to the best of your knowledge.
9. Keep a copy of the completed form for your records and submit the original to your SIPP provider. It's advisable to notify your nominated beneficiaries about their inclusion in your SIPP nomination expression of wish.

Who needs sipp nomination expression of wish:

1. Individuals who have a SIPP (Self-Invested Personal Pension) account can benefit from completing a nomination expression of wish. This form allows them to express their preferences regarding the distribution of their SIPP funds in the event of their death.
2. Having a nomination expression of wish in place can provide peace of mind, knowing that your intended beneficiaries will be considered when deciding how your SIPP funds should be distributed after you pass away.
3. It is particularly important for individuals with significant SIPP balances or complex family situations to fill out a nomination expression of wish. This ensures that their wishes regarding the distribution of funds are taken into account and reduces the risk of disputes or unexpected outcomes.
4. Even if you have a will, it is still advisable to complete a nomination expression of wish for your SIPP. SIPP nominations can often override the instructions in a will, so it's essential to have both documents aligned to ensure your wishes are properly reflected.

Remember, rules and regulations surrounding SIPP nomination expressions of wish may vary, so it's always a good idea to consult with your SIPP provider or seek professional advice to ensure you understand the specific requirements and options available to you.

For pdfFiller’s FAQs

What is sipp nominationexpression of wish?

SIPP nomination (expression of wish) is a form where you can specify who you want your pension savings to go to when you die.

Who is required to file sipp nominationexpression of wish?

Anyone who has a SIPP (Self-Invested Personal Pension) is encouraged to fill out a nomination form to ensure their wishes are followed.

How to fill out sipp nominationexpression of wish?

To fill out a SIPP nomination form, you need to provide the details of the person(s) you wish to receive your pension savings in the event of your death.

What is the purpose of sipp nominationexpression of wish?

The purpose of a SIPP nomination is to make sure that your pension savings are distributed according to your wishes after you pass away.

What information must be reported on sipp nominationexpression of wish?

The SIPP nomination form requires you to provide the names and relationship of the person(s) you wish to receive your pension savings.

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