Living time for life after work
Product overview
Personal Investment Plan
Product overview
The Personal Investment Plan (PIP) is based on the Living Time Income Plan and has been designed specifically for trustees and managers of trust-based pension schemes such as SIPPs and SSAS.
- Quick Guide to the Personal Investment Plan, click here »
Main product features
- Minimum investment: £10,000
- Minimum term: 3 years
- Minimum age at entry: 50
- Maximum age at entry: 71 years and 11 months
- Maximum ceasing age: 75 (the day before the Specified Member's 75th birthday)
- Death Benefit:
- Value Protection death benefit is automatically included and cannot be deselected
- For an explanation of Value Protection, click here »
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What are the risks?
- Death Benefits
If the specified member dies during the Plan term, the original investment less the total income paid to the date of death will be returned to the registered pension scheme and any growth will be lost. - Inflation
Inflation will reduce the capital value of the GMA in real terms and the value of benefits subsequently purchased. - No withdrawal or changes
After the application is received by Alico, the trustees buying the Living Time Personal Investment Plan have 30 days to change their minds. After that the funds cannot be moved or the benefits changed until the end of the term. If the trustees decide to cancel, we will return the funds back to the registered pension scheme. If, in the meantime, the value of the investment has changed, the amount returned to the registered pension scheme may be more or less than was originally invested into the Living Time Plan. Additionally the trustees will be required to repay any income that they have received to Living Time.