Chelsea SIPP

Are you on track when it comes to saving for your retirement? If you aren't sure why not check out the Money Advice Services calculator here.

Now you have had a look at the calculator are you on track? If not, Chelsea can help!

We are pleased to introduce the Self-Directed Cofunds Pension Account. Suffolk Life works as the pension trustees and provider for the SIPP, and the Chelsea FundStore, in association with Cofunds, provide the platform on which to invest.

This is a low-cost, flexible pension with access to all the funds on the Chelsea FundStore (over 2,500 funds).

  • 0% set-up charge
  • 0% initial charge on funds
  • Competitive service and platform charge
  • Free telephone dealing
  • Free transfer in
  • Free switching
  • Access to VT Chelsea Managed Funds 
  • Low-cost drawdown option
  • Twice-yearly valuation statement 
  • Pre and post sale illustration
  • Access to tax-free cash from 55
  • 0% charge processing probate
  • Dedicated Chelsea pension administrator

You may have collected a number of pensions over your lifetime, and are now looking to consolidate them in one place. With free transfers in, and competitive charging, the Self-Directed Cofunds Pension Account could be the ideal place to combine your holdings.

If you are interested in opening a new pension and/or transferring to the SIPP, please complete our simple questionnaire and we will send the relevant documentation out to you.

This is a self-directed product, which means you will not receive any investment advice. To help you decide if this if the right product for you, please read the Product Guide.

Please be aware that you must have £5,000 to invest into the pension before it can be opened. This can be from a transfer of a current pension to the platform or a lump sum investment or both.

Tax relief - 20% tax relief is automatically reclaimed (based on relevant earnings). If you are a higher rate or additional rate tax payer, beware of the tapered annual allowance.

R0128 CFS Tax Relief Chart

If you have any further questions, why not give us a call on 020 7384 7300, or email us at