The Mansfield Building Society

SIPP Trust Accounts

SIPP stands for Self Invested Personal Pension and is a type of personal pension plan. It works in the same way for contributions, tax relief and eligibility. However, the main difference is that the SIPP has a more flexible approach to investments.

Our SIPP accounts currently available are listed below. 

Savings Product Account
Interest Rate
Interest Payable Withdrawals Access
SIPP Trust Cash Deposit Account - Easy Access (1st issue)
More Information
£25,000 + 0.20% annually on 31 December

Withdrawals or closure can be made without notice or loss of interest

Post only
SIPP Trust Cash Deposit Account - Pension 30 (5th issue)
More Information
£25,000 + 0.40% annually on 31 December

Withdrawals or closure subject to 30 days written notice or the loss of 30 days interest on the amount withdrawn/closing balance

Post only
SIPP Trust Cash Deposit Account - Pension 90 (2nd issue)
More Information
£25,000 + 0.90% annually on 31 December

Withdrawals or closure subject to 90 days written notice

Post only

Cancellation Rights

If you are not happy about your choice of account, you may cancel it within 14 days of:

The day you enter into the contract; or

The day on which you receive the contract terms and conditions and other information on paper or electronically; whichever is later

We will help you switch to another of our accounts or we will give you all your money back with any interest it has earned. We will ignore any notice period and any extra charges.


Charitable Assignment

All new customers opening a savings account will be required to sign a declaration agreeing to assign any windfall conversion benefits to the Charities Aid Foundation. This assignment will apply for the first 5 years of membership. Existing members with continuous membership prior to the effective date are not affected. Our Charitable Assignment Scheme leaflet provides full details.



1. AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded once each year. AERs on the Monthly Income account assume interest is added to the account each month although in practice the option to have interest added in this way is not available.

2. The gross rate is the contractual rate of interest payable without tax taken off.

If separate AER/Gross rates are not quoted, both rates are identical.

^Tax free means exempt from UK income and capital gains tax in the hands of the investor.

These account details apply to personal investors only unless stated in the detailed information.

Date printed: 12 December, 2017 19:42

The Mansfield Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Reference number 206049.
Member of the Building Societies Association.