Modular iPlan
If you had a James Hay product that's been upgraded to the Nucleus Platform, you can check out details of your new products and related charges below.
Nucleus Modular iSIPP
The Nucleus Modular iSIPP gives you flexibility and control over your investments through every stage of your retirement journey.
The Nucleus Modular iSIPP is a long-term, tax efficient savings plan designed to help you invest for your future. It provides a flexible pension arrangement that can be tailored to suit changes to your lifestyle, such as your employment status, your income needs and your family circumstances.
It offers a wide choice of investments such as a range of platform funds, fixed term deposits and notice accounts, an integrated stockbroking service, model portfolios and more. It also offers a variety of options for taking retirement benefits.
The Modular iSIPP offers you complete control over where and when you invest, with instructions made by you
or your adviser.
Benefits
- Flexi-access drawdown
- Uncrystallised Funds Pension Lump Sum (UFPLS)
- Lifetime annuity
Key literature
Take a look at the documents below to learn more about how our Nucleus Modular iSIPP works:
Please remember
From age 55 (increasing to 57 from 2028) you can start taking money out of your pension, normally 25% of which is tax-free and the rest as income, which will be subject to income tax. If you are planning to take money out of your pension in the near future, you are entitled to free, impartial guidance from Pension Wise. You can access Pension Wise on the MoneyHelper website or call 0300 330 1003.
Current pensions and tax legislation and HMRC practice could change in the future. This may affect the value of your investments and pension benefits you receive from the Nucleus Modular iSIPP. In addition, your individual circumstances will impact the tax treatment of each of the products in the Nucleus Modular iPlan and may also be subject to change in the future.
It is important to note that investments can go down in value and you therefore could get back less than you invest. To understand the risks associated with investing, we strongly suggest you read our guide to investment risk.
Nucleus Modular ISA
The Nucleus Modular ISA provides a tax efficient way of investing in a wide range of investments, including stocks and shares, bonds and gilts, and collective investment schemes. You can add a Nucleus Modular ISA to your portfolios (provided they have a Nucleus Modular iSIPP in place) at any time.
An Individual Savings Account (ISA) is a tax efficient way of growing your money, allowing you to invest up to £20,000 per tax year, whilst providing you with more control over your investments.
There are 4 types of ISA – Cash ISA, Lifetime ISA, Stocks and Shares ISA and Innovative finance ISA. The ISA available through James Hay is called the Modular ISA and this is a Stocks and Shares ISA. This allows you to hold investments as well as cash.
Benefits
- Access to a wide range of investment options
- Make withdrawals whenever you need
- Stockbroker service
- Whole of Market module
Key literature
Take a look at the documents below to learn more about how our Modula ISA works:
| SIPP (must be included) | ISA (optional) | GIA (optional) |
|---|---|---|
| Contribute up to 100% of annual taxable income, normally subject to £60,000 limit* | Invest up to £20,000 a year (2024/25 limit)** | No investment limit |
| Tax relief given on contributions | No tax relief on what you invest | No tax relief on what you invest |
| Fund grows largely tax-free | Fund grows largely tax-free | Fund growth is taxable |
| Can usually only be accessed from age 55 | Access at any time | Access at any time |
| Take 25% of fund tax-free | Take 100% of fund tax-free | Income and capital gains subject to tax |
| Optional investment modules - Whole of Market - Commercial Property | Optional investment modules - Whole of Market | Optional investment modules - Whole of Market |
*These are the limits for contributions receiving tax relief; non-taxpayers can contribute up to £3,600; unused contribution allowances can be carried forward to the next tax year
**You can split the amount you pay into an ISA between a cash ISA, a stocks and shares ISA and an innovative finance ISA as you choose, up to the £20,000 limit. If you do not use the ISA subscription limit in any tax year you cannot carry it forward or add it to the limit of the next tax year.
Current pensions and tax legislation and HMRC practice could change in the future. This may affect the value of your investments and pension benefits you receive from the Nucleus Modular iSIPP. In addition, your individual circumstances will impact the tax treatment of each of the products in the Nucleus Modular iPlan and may also be subject to change in the future.
The value of your Nucleus Modular ISA will be determined by the valuation of all the investments held within it. Depending on the type of investments that you choose to hold within your Nucleus Modular ISA, some of these may not return the amount you initially invested especially where their value can go down as well as up.
To understand the risks associated with investing, we strongly suggest you read our guide to investment risk.
It’s important that you understand that investments can go down as well as up in value, so you could get back less than you put in. We are unable to provide financial advice so if you do not currently have a financial adviser, we would recommend you seek advice. You can search for a regulated financial adviser in your area via www.unbiased.co.uk or by calling 0800 023 6868.
Nucleus Modular GIA
The Nucleus Modular GIA offers you complete control over where and when investments are made.
You can add the Nucleus Modular GIA to your clients’ portfolio for no extra charge*, provided there is a Nucleus Modular iSIPP in place. This makes it a very cost-effective way to manage these investments.
Managing your clients’ retirement income requirements is no longer confined to their pension and requires a holistic and flexible proposition. The Nucleus Modular GIA (and Nucleus Modular ISA) provides this, supporting the management of your clients’ retirement wealth planning.
Benefits
- Online and flexible access
- Wide variety of investment options
- Stockbroker service
- Option to take withdrawals at any time
- Whole of Market module to access other third-party funds and Investment Managers of your choice
- Contribute as much or as little as you want
Key literature
Take a look at the documents below to learn more about how our Nucleus Modular GIA works:
What can I invest in with the Nucleus Modular GIA?
hrough the Modular GIA you can invest in a wide range of investments, including collective investment funds (such as unit trusts and OEICs) and investment trusts.
You can appoint third party investment managers to make investment decisions on your behalf and you can open an account with a stockbroker to buy and sell stocks and shares.
You can change investments at any time, unless an investment has restrictions.
| SIPP (must be included) | ISA (optional) | GIA (optional) |
|---|---|---|
| Contribute up to 100% of annual taxable income, normally subject to £40,000 limit* | Invest up to £20,000 a year (2024/25 limit)** | No investment limit |
| Tax relief given on contributions | No tax relief on what you invest | No tax relief on what you invest |
| Fund grows largely tax-free | Fund grows largely tax-free | Fund growth is taxable |
| Can usually only be accessed from age 55 | Access at any time | Access at any time |
| Take 25% of fund tax-free | Take 100% of fund tax-free | Income and capital gains subject to tax |
| Optional investment modules - Whole of Market - Commercial Property | Optional investment modules - Whole of Market | Optional investment modules - Whole of Market |
*These are the limits for contributions receiving tax relief; non-taxpayers can contribute up to £3,600; unused contribution allowances can be carried forward to the next tax year
Current pensions and tax legislation and HMRC practice could change in the future. This may affect the value of your investments and pension benefits you receive from the Nucleus Modular iSIPP. In addition, your individual circumstances will impact the tax treatment of each of the products in the Nucleus Modular iPlan and may also be subject to change in the future.
The value of your Nucleus Modular ISA will be determined by the valuation of all the investments held within it. Depending on the type of investments that you choose to hold within your Nucleus Modular ISA, some of these may not return the amount you initially invested especially where their value can go down as well as up.
To understand the risks associated with investing, we strongly suggest you read our guide to investment risk.
It’s important that you understand that investments can go down as well as up in value, so you could get back less than you put in. We are unable to give financial advice so if you do not currently have a financial adviser, we would recommend you seek advice. You can search for a regulated financial adviser in your area via www.unbiased.co.uk or by calling 0800 023 6868.
Nucleus Modular Offshore Bond
The Nucleus Modular Offshore Bond is an investment linked policy of insurance. It can be set up as:
- a whole of life assurance policy (meaning it continues until the death of the last life assured), or
- a capital redemption policy with no lives assured and a maturity date of 99 years after the start date.
The Nucleus Modular Offshore Bond allows you to invest a cash lump sum in a tax-efficient way over the medium to long term, to produce capital growth while retaining the ability to make withdrawals.
The bond allows you to invest in a wide range of investments to suit your objectives and risk profile.
Benefits
- Access to a wide variety of investments
- Ability to make withdrawals at any time
Key literature
Take a look at the documents below to learn more about how our Nucleus Modular Offshore Bond works:
It is important to note that investments can go down in value and you therefore could get back less than you invest. To understand the risks associated with investing, we strongly suggest you read our guide to investment risk.
Costs and charges
If you’re making fund purchases outside of our investment centre, you can use our costs and charges calculator to work out the impact of the costs on performance.
The table below shows our typical trading charges – please see your product’s charges schedule for full details of our charges.
| Charge type | Nucleus Modular iSIPP | Nucleus Modular ISA | Nucleus Modular GIA | Nucleus Modular Offshore Bond |
|---|---|---|---|---|
| One off charges | £20 for one off external investment buy trade (£50 if not submitted via secure message) £100 initial set up charge | £20 for one off external investment buy trade (£50 if not submitted via secure message) | £20 for one off external investment buy trade (£50 if not submitted via secure message) £100 IM set up charge | £100 initial set up charge |
| Ongoing charges | £300 + VAT p.a. WoM module charge (including first year) £85 + VAT p.a. Investment Manager account charge (including first year) £186 + VAT Income drawdown charge | £134 p.a. WoM module charge (if the client is not currently paying this charge) | £134 p.a. WoM module charge £67 p.a. (if IM is used) | £150 ongoing additional platform charge (based on £100,000 at 0.15%) |
Please use the link below to access our costs and charges calculator.
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