Liberty SIPP

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Retirement benefits

Potential Benefits in Later Years where full Tax Free Cash quoted above has been taken

These figures are based on GAD rates and assume an underlying annual interest rate of 2.25%.

Liberty and Financial Adviser fees

Effect of deductions and inflation, assuming maximum Tax Free Cash is taken, the fund grows by 7% per annum and inflation is 2.5%

Deductions would reduce the effective yield from 7% by % to %

IMPORTANT NOTES AND INFORMATION ABOUT THIS ILLUSTRATION

PLEASE READ OUR KEY FACTS DOCUMENT TO HELP YOU DECIDE WHETHER OUR SIPP IS RIGHT FOR YOU.

• The growth projections of 3%, 5% and 7% are based on Financial Services Authority rules which all FSA regulated firms follow
• Liberty can not advise on the use or interpretation use of these figures. If you need any help we strongly recommend that you speak to a suitably qualified Financial Adviser.

Funding Details

• The SIPP has 1,000 segments. If the whole fund value is not crystallised, the amount crystallised will be shown as a percentage of the 1,000 segments. The illustration does not take into account any funds that have not been not crystallised on the calculation date.

Charges direct from Scheme

• Liberty fees include VAT and assume that you have no Protected Rights (for more information about these please see our website), and that you will make one transfer in and one investment. In practice your fees would be tailored to what you actually do with your SIPP
• No allowance has been made for any increases in Liberty's fees nor has any allowance been made for Investment Management Fees that may be charged on your investments.
• Where financial advisor's fees are based on a percentage of the fund value, the fund value including the current year's contributions is used.

Benefits immediately available from Scheme

• The calculations use the age attained and the fund value. If you start drawing benefits and have had a birthday or the fund value has changed since the calculations, the benefits quoted will need to be updated.
• The maximum benefits shown do not take into account the lifetime allowance which may have the affect of reducing your total fund value which can be used to be provide benefits without incurring tax penlties.
• The tax free cash and reduced pension figures are only valid if benefit payments have not already been paid from the fund.
• Your pension will be paid net of basic rate income tax until the Scheme Administrator is advised of your tax code.

Potential Benefits in Later Years

• These figures assume steady growth of 3%, 5% and 7% p.a. but actual growth is likely to be more erratic and could at times be higher, lower or even negative.
• Investment growth is applied to the net amount each year (ie once all payments and contributions have been made).
• The pension quoted uses current Government Actuary's Department Rates ("GAD rates") which are updated monthly. Before age 75 the minimum pension you can draw is 0% of the GAD pension, and the maximum is 120%. This illustration assumes you will take the maximum.
• The pension quoted is before any deduction of income tax.
• The benefits quoted are guaranteed. The level of pension depends on the investment performance and the rates that apply at the time you retire.
• Up to age 75 the maximum pension that can be taken from the Scheme is reviewed at least every 5 years and will be calculated on the remaining funds and GAD rates for your age at the time.
• At any time after benefits have been drawn, the remaining fund can be used to secure a lifetime pension by way of purchasing an annuity or a scheme pension.
• By age 75 you must have bought an annuity on the open market or continued Drawdown in the form of an Alternatively Secured Pension from your fund. This will always be based on the GAD rate at age 75 regardless of age, and the limits will be between 55% and 90% of the GAD pension rather than 0% to 120%