Products and charges
Check out our products and charges, including the Modular iSIPP, Modular GIA and Modular ISA. The Modular iPlan covers all your wrapped products.

Modular iPlan
The Modular iPlan is our flexible and cost-effective solution for you to manage your pensions and investments - all in one place.
Within the Modular iPlan, you start with our self-invested personal pension (SIPP) - the Modular iSIPP. With the Modular iSIPP you can access over 3,700 funds at competitive prices with the option to add further investment modules to diversify your portfolio. Once the Modular iSIPP is in place, you then have the option to add an Individual Savings Account (ISA) or if you want to invest beyond the pension and ISA allowances, you can add a General Investment Account (GIA).
What are the benefits?
- A flexible and fair pricing structure means only paying for what you use.
- A full range of investment wrappers including SIPP, ISA and GIA.
- Manage retirement income and investments anytime, at the click of a button.
- A wide choice of investment options with online access to over 3,700 funds from leading fund managers via our investment centre.
Key features:
Useful documents:
Modular iPlan options
Modular iSIPP
- Contribute up to 100% of annual taxable income, normally subject to £60,000 limit*
- Tax relief given on contributions
- Fund grows largely tax-free
- Can usually only be accessed from age 55
- Take 25% of fund tax-free
- Optional investment modules
- Whole of market
- Commercial property
Modular ISA (optional)
- Invest up to £20,000 a year (2024/25 limit)
- Fund grows largely tax-free
- Access at any time
- Take 100% of fund tax-free
- Optional investment modules - whole of warket
Modular GIA
- No investment limit
- Fund growth is taxable
- Access at any time
- Income and capital gains subject to tax
- 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
Online, informed and in control
One of the most important aspects of the Modular iPlan is the online functionality that enables you to keep track of your investments.
With a James Hay Online account, which you can open once your Modular iSIPP is in place, you can:
- buy, sell or switch investments
- monitor and manage your income
- view up to date valuations, current and historical summaries
- ... and much more
Is the Modular iPlan right for me?
The Modular iPlan may be appropriate for you if you:
- are looking to invest for the medium to long term.
- are taking advice from an appropriately regulated financial adviser.
- do not need to access money from the SIPP before age 55.
- are aware that the value of your investments can go down as well as up and you may not get back what you originally invested.
- are aware that the Modular iPlan and the products within it do not offer any guarantees and therefore may not provide the level of income required in retirement.
- are aware that if the investments in your SIPP do not perform as you expect, you may need to delay retirement or increase contributions to achieve your required level of income.
- have pension plans you wish to transfer into the Modular iSIPP that have no guaranteed pension benefits – and/or are not charged high costs by your previous provider to transfer.
- are a resident in the UK for tax purposes and can therefore take advantage of the tax benefits of a SIPP and/or an ISA.

Please remember
Modular iPlan products are not suitable for all investors, and you must have a financial adviser appointed to apply on your behalf. If you do not already have one, you can get a list of regulated financial advisers in your local area at www.unbiased.co.uk or by calling 0800 023 6868.
To be eligible, you must be aged over 18, must not be a US Person or resident of the US for tax purposes, or an undischarged bankrupt, and you must have a financial adviser appointed to open the plan on your behalf.
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 MoneyHelper.org or call 0300 330 1003 (from outside the UK +44 20 3733 3495), if you wish to use this service.
Modular iSIPP
The pension plan with more choice, more freedom
As one of the first SIPP providers in the UK, we have developed the Modular iSIPP, our self-invested personal pension, offering you the choice to invest, build up your pension pot and take retirement income when you need it.
A great feature of the Modular iSIPP is the wide choice of investment options, including:
- The investment centre with over 3,700 investment funds from leading fund managers.
- A range of cash deposit accounts.
- Whole of market access to investment managers and additional funds outside of the Investment Centre.
- Access to stockbrokers for stockmarket traded investments.
- Commercial property allowing you to put almost any commercial business premises into your retirement savings.
The Modular iSIPP is available through the Modular iPlan. As part of the Modular iPlan, you also have the option to add an Individual Savings Account (ISA), or if you want to invest beyond the pension and ISA allowances, you can add a General Investment Account (GIA) at any time.
A range of tax advantages:
- Tax relief on contributions.
- Tax free lump sum(s) at retirement.
- The option for your funds to grow largely free of tax.
- A SIPP is a registered pension scheme meaning that it is registered with HMRC and your investments can grow free from capital gains tax and UK income tax.
Key features:
Useful documents and links:
What is a SIPP?
A self-invested personal pension (SIPP) is a type of defined-contribution pension. This means that the money you can take out of your pension is based on the amount you have put in through contributions over your working life and any investment growth on that money, or in other words, the value of your pension fund at that time. It works in a similar way to a standard personal pension but the main difference is that it offers you greater control and flexibility over where you invest.
Contributing and benefiting from tax relief
A SIPP benefits from the normal tax relief available to pensions. To add £100 to your pension, you pay in £80 and the HM Revenue & Customs will add basic rate tax relief at 20%. If you pay higher or top rate tax, you can claim back the remaining tax relief through your tax return, meaning you can benefit from up to 45% tax relief.
A £100 contribution for top rate tax payer will only cost £55, once both reclaims are received.
Inheritance estate planning
A SIPP is set up under trust meaning that it separates the legal ownership of your pension assets from your other non-pension assets, which means the fund on your death can normally be paid to a beneficiary without incurring inheritance tax. If you die before age 75, there is generally no income tax liability on any money your beneficiaries take out of the pension they inherit, but if you die after age 75 your beneficiaries will pay income tax on any money they take out. Read more about the tax treatment of a SIPP on death here.
Commercial property
Our SIPPs can invest directly in a commercial property such as a shop, office, warehouse or farm.
Commercial property is a popular investment option, particularly for business owners who can use their pension to purchase their business premises and have the rent go into their pension. Current legislation also permits the SIPP to borrow up to 50% of the net fund value in the form of a mortgage. A SIPP with a value of £200,000 could borrow up to £100,000. Rental income must be set at a commercial rate and must cover any mortgage repayments by 130% on a variable rate loan and 110% on a fixed rate loan. However you should be aware that buying a commercial property with your SIPP can be a complex transaction. Please read our ‘Commercial Property Purchase Guide’ for more information.
Consolidation
Modern working culture means we often accumulate many pensions across our working life. A SIPP may be a great way of consolidating multiple pension funds in one pension product so they can be managed in a more efficient and focused way.

Please remember
The Modular iSIPP is not suitable for all investors, and you will need to have a financial adviser appointed to apply for a Modular iSIPP on your behalf. If you do not already have one, you can find a list of regulated advisers in your local area at www.unbiased.co.uk or by calling 0800 023 6868.
You can also get useful and impartial information about pensions, savings and investments from MoneyHelper.org.
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 Modular iSIPP. In addition, your individual circumstances will impact the tax treatment of each of the products in 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.
Modular ISA
Another dimension to your Modular iPlan
Once you have set up your Modular iSIPP, you are free to add an Individual Savings Account (ISA) to your Modular iPlan for no extra set up charge.
As with the Modular iSIPP, our Modular ISA offers plenty of investment choice. The James Hay Investment Centre offers over 3,700 funds plus access to stocks and shares through a stockbroker. You can also add our ‘Whole of Market’ module to invest in other investment funds.
Investments can carry high levels of risk. We strongly encourage you to seek regulated financial advice to make sure any investment is suitable for you.
Who can open an ISA?
Useful documents:
What is an ISA?
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.
What the ISA offers:
- Over 3,700 funds through our online investment centre
- A stockbroker service
- Whole of market module to access additional investment funds
- The main benefit of a stocks and shares ISA is that you can grow your investments without capital gains tax and income tax.
- You have complete control on where your money is invested, with the option to withdraw any amount, any time.
ISAs – your perfect SIPP partner
An ISA can be a great addition to your Modular iPlan, offering complementary advantages to a SIPP that can give you even greater wealth-planning flexibility – see panel below.
Plus, you can view all your Modular iPlan investments together online. So it’s easy to assess how your overall portfolio is invested and track its latest value. As a stock-market linked investment, ISAs do carry risks (see below), so please check it is suitable before you invest.
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.

Ready to apply
- Once your Modular iSIPP is set up, you can register for a James Hay Online account. An email will be sent to you to validate the email address provided.
- Complete an online product illustration to see what the Modular iPlan might give you, based on your chosen products (SIPP, ISA and GIA), level of contributions and how you choose to invest your money.
- Complete an online product application. Please remember your financial adviser must set up your Modular iSIPP before you can add the Modular ISA or GIA.
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 Modular iSIPP. In addition, your individual circumstances will impact the tax treatment of each of the products in Modular iPlan and may also be subject to change in the future.
The value of your 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 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. At James Hay, 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.
Modular GIA
A final element to your Modular iPlan
Most investors primarily use the Modular iPlan to access the tax advantages of a SIPP or ISA. But there is also a third element to boost your investing power – General Investment Account (GIA).
A GIA is a flexible savings option, giving you the freedom to invest beyond the pension and ISA allowances. It can hold a range of investments directly for no extra set-up fee. The income and capital gains made in the account are taxable. But there are no limits on how much you can invest and you’re free to access your money at any time.
So if you have reached the maximum investment into an ISA, the GIA can provide a valuable way to keep building out your investment portfolio. Plus it can be viewed and managed online alongside the other elements of your Modular iPlan.
Your investment strategy, your way
Like other elements of the Modular iPlan, the GIA offers extensive investment choice. Alongside the 3,700+ funds offered by the James Hay Investment Centre, you can add a whole of market module in order to include other third-party Investment Managers or investments.
As always, you only pay for these additional modules if and when you use them.
Who can open an ISA?
Useful documents:
What can I invest in with the Modular GIA?
Through 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.
What the GIA offers:
- Over 3,700 funds through our online investment centre
- A stockbroker service
- Whole of Market module to access other third-party funds and Investment Managers of your choice
- Flexibility to make regular withdrawals, if needed
- Contribute as much or as little as you want
- With James Hay Online, you can apply for a product, create an illustration to see what you might get back from your investments, get up to date valuations and much more. Our services are online and available 24/7 so you can access valuation reports and have the flexibility to buy, switch or sell investments at any time.
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

Ready to apply
- Once your Modular iSIPP is set up, you can register for a James Hay Online account. You will receive an email to your chosen address to validate your account.
- Complete an online product illustration to see what the Modular iPlan might give you, based on your chosen products (SIPP, ISA and GIA), level of contributions and how you choose to invest your money.
- Complete an online product application. Please remember your financial adviser must set up your Modular iSIPP before you can add the Modular GIA or ISA.
If you currently hold a SIPP with James Hay outside of the Modular iPlan, you can transfer in to the Modular iPlan and access additional products with us. If you are considering moving products, we strongly recommend you speak to a regulated financial adviser as the charges and options of the product will be different.
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 Modular iSIPP. In addition, your individual circumstances will impact the tax treatment of each of the products in Modular iPlan and may also be subject to change in the future.
The value of your 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 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. At James Hay, 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.
Wrap
The James Hay Wrap offers a flexible solution for you to consolidate your assets in one place, at a fair price.
The Wrap is a portfolio management service, designed to manage your assets efficiently. You can benefit from a wide range of investments to support your goals and personal needs. We provide your financial adviser with essential tools to help them buy, sell and manage the assets in which you have invested.
Key features:
Useful documents:
The following products are available with the Wrap:
Investment Portfolio
When you set up your Wrap service, an Investment Portfolio is created for you to hold a range of investments such as stocks and shares, investments funds and unit trusts. You can then apply to open any, or all, of the following tax efficient Wrap products:
SIPP
ISA
An ISA provides a tax efficient environment for your investments to grow and you can withdraw any amount, tax free, at any time. The Wrap ISA is a Stocks and Shares ISA, as defined by the ISA regulations. You can invest up to £20,000 in the current tax year (2024/25).
Offshore Bond
With an Offshore Bond, your investments grow largely free of tax, and within certain limits, you can take withdrawals without an immediate liability to income tax. Offshore Bonds are provided and administered by RL360 in the Isle of Man. RL360 provides offshore savings, protection and investments for customers in 170 different countries.
Our monthly transaction charges
Overall Wrap Portfolio Valuation* | Transaction Charging Rate (p.a.) |
---|---|
First £500,000 | 0.35% |
Next £500,000 (up to £1,000,000) | 0.15% |
Over £1,000,000 | 0.05% |
Minimum charge | £32 per month |
*Excluding the value of any property held within the SIPP.
The overall James Hay Wrap value (excluding the value of any property held within the SIPP and the value of any bank accounts across the Wrap products) will be taken and, using the transaction charging rates set out above, divided by 12 to calculate the monthly transaction charge. See the full charges schedule below for more information including all other Wrap related charges.
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 tables below show our typical trading charges – please see your product’s charges schedule for full details of our charges.
Charge type | Modular iSIPP (in Modular iPlan) | Modular ISA | Modular GIA | Wrap |
---|---|---|---|---|
One off charges | £20 for one off external investment buy trade (£50 if not submitted via secure message) £100 IM 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 | £20 for a one off external investment buy trade (if not submitted via secure message) |
Ongoing charges | £134 p.a. WoM module charge (if the client is not currently paying this charge) £94 p.a. (if IM is used) | £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) | 0.35% p.a. |
Charge type | Private Client SIPP | Partnership SIPP | IPS & IPS (2008) SIPP | Pension Builder SIPP | PS Family SIPP |
One off charges | £14 for a one off external investment buy trade | ||||
Ongoing charges | £200 p.a. 0.15% p.a. if the SIPP value is less than £300k | £133 p.a. (if C&C includes an IM account) | £133 p.a. (if C&C includes an IM account) | £133 p.a. (if C&C includes an IM account) | £133 p.a. (if C&C includes an IM account) |
Please use the link below to access our costs and charges calculator.
Payroll cutoff dates
Find out the cut-off dates for notifying us of changes to your income.
