A bypass trust is a discretionary trust set up by the member during their lifetime in anticipation of receiving any pension death benefits from the Cofunds Pension Account or the Suffolk Life Master SIPP on their death. A bypass trust could be beneficial where there are complicated family circumstances or where the beneficiaries are minors.
Cofunds Pension Account (CPA)
To set up a CPA bypass trust online, simply enter the details as you set up the CPA online. Or, complete the Bypass trust application form and send a copy to us.
Suffolk Life MasterSIPP
To set up a Suffolk life MasterSIPP bypass trust, complete Suffolk Life’s Bypass trust application form and send a copy to Suffolk Life, 153 Princes Street, Ipswich, Suffolk, IP1 1QJ, United Kingdom.
We do not provide guidance on the suitability of when or how to use the Draft Bypass Trusts provided. These trusts (as indicated on the face of each of the documents) are provided strictly as drafts for the consideration of the client’s legal advisers, as to which is most appropriate and suitable for the client’s needs.