AJBYI DA application form joint designated and bare trust · PDF fileSIPP ISA Dealing Junior...

Junior ISAISA DealingSIPP

Dealing account application form for joint, designated and bare trust accounts

This form should only be used if you want to apply for a joint or designated (including bare trust) AJ Bell Youinvest Dealing Account. It should not be used if the account is to be set up for a registered pension scheme or limited company.

An entity questionnaire must be completed for bare trusts - attached to this application. You should read the AJ Bell Youinvest Dealing Account terms and conditions before completing this application.

Please use BLOCK CAPITALS only and blue or black ink, ticking the boxes where appropriate.

If you would like a copy of this, or any other item of our literature, in large print, Braille or in audio format, please contact us on 0845 54 32 600 or by email at [email protected].

Personal detailsFirst applicant

Title

Forename(s)

Date of birth

Surname

National Insurance number

Dr / Mr / Mrs / Miss / Ms / Other

Daytime telephone number

If ‘Yes’, please provide the existing account number

Email address

Do you have an existing AJ Bell Youinvest account? Yes No

If the applicant has been resident at this address for less than three years, please provide their previous address(es) on a separate sheet of paper and attach it to this application.

(If phone number is non-UK, provide full dialling code)

Country of birth

Country of residence for tax purposes Country of residence for tax purposes

Country of citizenshipCountry of citizenship

(Please list all countries of citizenship and tax residency. Also, please contact us with full details if you are a citizen or tax resident of more than two countries)

CountryPostcode

Permanent residential address

2

Second applicant (for joint account)

Title

Forename(s)

Date of birth

Surname



Daytime telephone number Email address

If the second applicant’s address is diff erent from the fi rst, then please complete the address below.

If the applicant has been resident at this address for less than three years, please provide their previous address(es) on a separate sheet of paper and attach it to this application.

If ‘Yes’, please provide the existing account number

Do you have an existing AJ Bell Youinvest account? Yes No


Country of birth




CountryPostcode


Details of trusteesFor trusts, please provide details of trustees if you selected category 9, 11, 12, 13 on the appended entity questionnaire or if the benefi ciaries are not named.

First individual trustee

Title

Forename(s)

Date of birth

Surname

CountryPostcode




Telephone number


3

Country of birth




If the trustee has been resident at this address for less than three years, please provide their previous address(es) on a separate sheet of paper and attach it to this application.

Second individual trustee

Country of birth




If the trustee has been resident at this address for less than three years, please provide their previous address(es) on a separate sheet of paper and attach it to this application.

Title

Forename(s)

Date of birth

Surname

CountryPostcode




Telephone number


If there are more than two trustees, please provide details of the other trustees on a separate sheet and attach to this application.

4

If you want this dealing account to be designated for a specifi c purpose (e.g. holiday fund or college fees) or if it is to be used to create a bare trust for a child under the age of 18, then please fi ll in the box below.

Dealing account designation (please do not complete for joint accounts)

Dealing account designation/name of child*

(*Please note that we may have to abbreviate this for display purposes.)

If you are using the dealing account to create a bare trust for a child, you must also complete an appropriate election or declaration of trust. The applicant(s) for the dealing account must be the person(s) appointed to be the trustee(s) of the trust.

We have included a specimen election at the end of this form but this may not be suitable for your circumstances and you should take appropriate professional advice before completing this application or the election. You should keep the election or declaration of trust as a record of the trust; there is no need to send it to us with this application.

Title

Forename(s)

Date of birth

Surname



Daytime telephone number Email address


Country of birth




CountryPostcode


Benefi ciaryFor trusts, please provide details of any named benefi ciary.

5

Funding the dealing accountPlease confi rm which of the following options you wish to use to fund the account, ticking the appropriate box.

Single payment I/we have enclosed my/our cheque with this application form, made payable to ‘AJ Bell Youinvest Dealing Account re applicant’s name’ (e.g. AJ Bell Youinvest Dealing Account re John Smith).

The single payment is £

Regular paymentI/we have enclosed a dealing account Direct Debit mandate with this application form.

The regular payment is to be made monthly.£

£

In specie transfer from an existing dealing account with another provider.

I/we have enclosed a completed dealing account transfer form with this application form.

The approximate value of this account is

Nominated bank accountIn order to make cash withdrawals from your dealing account, please provide us with details of the bank or building society account into which you would like the monies to be paid. This must be in the name of the applicant(s) or trustees, for a trust account.

Account holder’s name

Bank/building society account number

Sort code - -

Nominated contact for joint or trust account onlyPlease provide us with details of the individual, who in the case of a joint account must be one of the applicants and in the case of a trust account must be a trustee, who will have sole authority for the operation of your dealing account, including placing deals online.

This individual will also be our point of contact for your dealing account.

Communications with the nominated contact will usually be by email or secure message.

Title SurnameDr / Mr / Mrs / Miss / Ms / Other

Forename(s)

Contact address (if not shown above)

Telephone number

Email address

Mobile number


CountryPostcode

6

Username and security question for your online accountCreate the username for the applicant or the nominated contact (for joint or trust accounts)The nominated contact’s username can be anything you like, but it must be at least 7 characters long.

Please enter the username in the box below. If the username is already in use then we will suggest some alternatives.

For your security, please ensure that you memorise the username.

Create the security question for the nominated contactYou now need to select a security question. Your account will be set up with a standard answer to that question which you should reset the fi rst time you log in.

You will be asked to enter the security question every time you log in.

Please select one of the security questions below. You do not need to provide an answer at this stage.

Username

Where were you born

Who was your best friend at school

What was the name of your fi rst employer

Your mother’s maiden name

What was the name of your fi rst pet

The name of your fi rst school

If you want to discuss your account over the telephone, we may also ask you to answer the two questions below. Please tell us:-

Declarations and applications (to be signed by both applicants for joint accounts)Please read the following carefully before you sign.

I/we declare that:

1. I/we am/are aged 18 years or over and resident in the UK.

2. The declarations and information contained in this form are true, correct, complete and not misleading to the best of my/our knowledge and belief, and I/we undertake to notify AJ Bell Youinvest of any changes without delay.

3. I/we have read, understood and retained a copy of the AJ Bell Youinvest Dealing Account terms and conditions and charges and rates and I/we understand that the details contained in those documents and this application constitute the agreement between me/us and AJ Bell Youinvest.

Country of birth




7

Data Protection Act 1998 and anti-money laundering checks

Your informationWe will use the information provided to check your identity, and that of any other person providing funds on behalf of an investment made in your name, with credit reference and fraud prevention agencies. The agencies will record our check and will make that record available to others to verify your identity. We use scoring methods to verify your identity, as this provides a thorough check of the available data. If you supply false or inaccurate information and we suspect fraud, we will inform the fraud prevention agencies. If we cannot verify your identity by electronic means, we may ask you for additional information.

Please write to us at the address provided in this application form if you want details of the credit reference and fraud prevention agencies from whom we obtain, and with whom we record, information about you. You have a legal right to these details. The agencies may charge a fee.

You have a right of access to certain personal information we hold about you. If you would like to receive this information please write to us at the address below. A fee will be payable for providing this information.

Service and marketing informationWe will use the personal data provided to contact the nominated contact by electronic means (email or SMS) with service information about your dealing account. You cannot opt out of this service.

We will also use this data to contact the nominated contact by electronic means (email or SMS), or by post, with:

a) information about similar goods and services; or

b) market news and investment information; or

c) marketing information.

For further details please refer to the terms and conditions. If you do not wish to receive these messages, please email [email protected]. You can also unsubscribe at any time by using the link in the individual email.

From time to time we may also off er other products through third parties. If you do not wish to receive these off ers, please email [email protected].

Please sign and date this application form and return it to AJ Bell Youinvest, Traff ord House, Chester Road, Manchester M32 0RS.

First or only applicant’s name

First applicant’s signature

Date

I/we confi rm that you are authorised to:

a) Make whatever checks are necessary to verify my/our identity, as required to comply with the Money Laundering Regulations.

b) (For joint and trust accounts) provide information to the nominated contact shown above on behalf of both applicants, or the trustees, and to accept instructions given by the nominated contact as if they had been given by both applicants or all of the trustees, without the need to obtain any further authority or make any further enquiry.

4. All payments made, and to be made, to the AJ Bell Youinvest Dealing Account belong to the applicant(s) or, for bare trust accounts, the benefi ciary.

5. I/we confi rm that (I am)/(we are) not resident for tax purposes or a citizen of any country other than those I/we entered in my/our application.

6. I/we understand that you will use the information provided in this form to determine whether the applicant(s) is/are a reportable person under The International Tax Compliance (USA) Regulations 2013 and The International Compliance (Crown Dependencies & Gibraltar) Regulations 2014.

AJBYI/DA/JDBTAF/06/14

AJ Bell includes AJ Bell Holdings Limited and its wholly owned subsidiaries. AJ Bell Management Limited and AJ Bell Securities Limited are authorised and regulated by the Financial Conduct Authority.

All companies are registered in England and Wales at Traff ord House, Chester Road, Manchester M32 0RS

Second applicant’s name

Second applicant’s signature

Date

For joint accounts only

Election for a bare trustThis election is provided to assist an applicant wishing to establish a bare trust for a child under the age of 18 through the establishment of the dealing account. However, we do not know whether it will be suitable for your circumstances and you should seek advice from a suitably qualifi ed professional adviser before creating the trust. In particular, you should seek advice as to whether the trustees should be given any express investment or other powers. We do not accept any responsibility if the trust fails in its purpose.

This form should be kept, together with a copy of the completed dealing account application, as a record of the trust. Please do return a copy of this election for bare trust form to AJ Bell Youinvest.

Donor details

Title

Forename(s)

SurnameDr / Mr / Mrs / Miss / Ms / Other

Postcode


Amount gifted to bare trust £

The donor is not automatically a trustee. If the donor wishes to have an input over the way the money is invested, they should include themselves as a trustee below.

Title

Forename(s)

Date of birth

Surname

Postcode



First trustee

Title

Forename(s)

Date of birth

Surname

Postcode



Second trustee

Title

Forename(s)

Date of birth

Surname

Postcode

Relationship to Donor



Benefi ciary

Entitlement 100%

This form is evidence of the establishment of the trust for the benefi ciary named above, on the basis set out above, and should be read in conjunction with the AJ Bell Youinvest Dealing Account application to which it is attached. The trust is to be set up under English law.

Signature of Donor Date

The following form ‘Foreign Account Tax Compliance Act (FATCA) Entity Questionnaire’ must be completed

for all trust applications only

Junior ISAISA DealingSIPP

Foreign Account Tax Compliance Act (FATCA) Entity Questionnaire

This form must be completed by all new entities (customers who are not individuals) as part of our account opening process.

We will use the information provided in this form to determine if you are a reportable entity under The International Tax Compliance (USA) Regulations 2013 and The International Compliance (Crown Dependencies & Gibraltar) Regulations 2014.

AJ Bell cannot determine your FATCA status for you or provide you with any advice on this. We have provided some references for guidance in appendix 1 at the end of this form.

If you are in any doubt about your FATCA status you should obtain advice from a suitably qualifi ed tax specialist.

1 Entity name

2 What is your FATCA status?I am/will be a participating fi nancial institution. Go to section 3I am/will be a non-participating fi nancial institution. Go to section 7I am not a fi nancial institution. Go to section 8I do not know my FATCA status. Go to appendix 1

3 Reporting fi nancial institutionsTick one box only from section 3, provide your Global Intermediary Identifi cation Number (GIIN) where known, and then complete the declaration in section 14 OR move to section 4 if the options below are not applicable.

GIIN

GIIN

I am a UK fi nancial institution with a GIIN.

I am a UK fi nancial institution and will register to obtain a GIIN.

I am a fi nancial institution in a partner jurisdiction with a GIIN.

2

GIIN

TINI am a US fi nancial institution. (Please provide your tax identifi cation number.)

I am a non-US fi nancial institution with a GIIN.

I do not fall into any HMRC FATCA defi ned category which would cause me to be considered as a UK fi nancial institution for FATCA purposes.

I am a non-US fi nancial institution and will register to obtain a GIIN.

I do not fall into any HMRC FATCA defi ned category which would cause me to be considered as a UK fi nancial institution for FATCA purposes.

I am a fi nancial institution in a partner jurisdiction and will register to obtain a GIIN.

I am an exempt benefi cial owner identifi ed as such in Annex II of the UK-US Agreement in section 1.D Retirement Funds.

I am an exempt benefi cial owner identifi ed as such in Annex II of the UK-US Agreement in sections 1.A,B,C.

4 Non-reporting fi nancial institutionsTick one box only from section 4 and then complete the declaration in section 14 OR move to section 5 if the options below are not applicable.

5 Deemed compliant fi nancial institutionsTick one box only from section 5 and then complete the declaration in section 14 OR move to section 6 if the options below are not applicable.

I am a charitable organisation identifi ed as such in Annex II of the UK-US Agreement – section II A – charitable organisations.

I am a fi nancial institution with a local client base identifi ed as such in Annex II of the UK-US Agreement – section II B – fi nancial institutions with a local client base.

I am a collective investment vehicle identifi ed as such in Annex II of the UK-US Agreement – Section II C – certain collective investment vehicles.

I am a trustee-documented trust identifi ed as such in Annex II of the UK-US Agreement – Section II D – trustee documented trusts.

3

6 Certifi ed deemed compliant fi nancial institutionsTick the box in section 6, confi rm the category/type and then complete the declaration in section 14.

7 Non-participating fi nancial institutionsTick all three boxes in section 7 and then complete the declaration in section 14.

8 Non-fi nancial entitiesTick the box in section 8, then move to section 9.

9 Non-fi nancial US entitiesTick the box in section 9 and then complete the declaration in section 14 OR move to section 10 if this option is not applicable.

I am a certifi ed deemed compliant fi nancial institution (examples of which can be found in The International Tax Compliance (USA) Regulations 2013).

I am a fi nancial institution without a GIIN number and WILL NOT be registering to obtain a GIIN.

I understand that I may be taxed at the maximum rate applicable to the relevant jurisdiction.

I understand that my details may be reported to HMRC.

I am NOT a fi nancial institution for the purposes of FATCA as defi ned by HMRC. I do not fall into the HMRC defi ned categories of:

i) Depository Institution

ii) Custodian Institution

iii) Investment Entity

iv) Specifi ed Insurance Company

v) Holding Companies and Treasury Centre of Financial Groups

I am a US entity(please provide tax identifi cation number).

TIN

Please state which category/type.

4

I am an Active NFFE described below:

Less than 50 per cent of the NFFE’s gross income for the preceding calendar year or other appropriate reporting period is passive income and less than 50 per cent of the assets held by the NFFE during the preceding calendar year or other appropriate reporting period are assets that produce or are held for the production of passive income.


The stock of the NFFE is regularly traded on an established securities market or the NFFE is a related entity of an entity, the stock of which is traded on an established securities market.

10 Non-fi nancial foreign (non-US) entities (Active NFFE – part 1)Tick one box in section 10 and then complete the declaration in section 14.

We will classify you as an Active NFFE for both The International Tax Compliance (USA) Regulations 2013 and The International Compliance (Crown Dependencies & Gibraltar) Regulations 2014.

Alternatively, move to section 11 if the options below are not applicable.


Substantially all of the activities of the NFFE consist of holding (in whole or in part) the outstanding stock of, or providing fi nancing and services to, one or more subsidiaries that engage in trades or businesses other than the business of a fi nancial institution.

However, the entity will not qualify as an Active NFFE if it functions as (or holds itself out to be) an investment fund, such as a private equity fund, venture capital fund, leveraged buyout fund or any investment vehicle whose purpose is to acquire or fund companies and then hold interests in those companies as capital assets for investment purposes.


The NFFE is not yet operating a business and has no prior operating history, but is investing capital into assets with the intent to operate a business other than that of a fi nancial institution; provided that the NFFE shall not qualify for this exception after the date that is 24 months after the date of the initial organisation of the NFFE.


The NFFE was not a fi nancial institution in the past fi ve years, and is in the process of liquidating its assets, or is reorganising with the intent to continue or recommence operations in a business other than that of a fi nancial institution.


The NFFE primarily engages in fi nancing and hedging transactions with, or for related entities that are not fi nancial institutions, and does not provide fi nancing or hedging services to any entity that is not a related entity, provided that the group of any such related entities is primarily engaged in a business other than that of a fi nancial institution.


The NFFE is an “Excepted NFFE” (excluding direct reporting NFFEs and sponsored direct reporting NFFEs) as described in relevant US Treasury Regulations.

5


The NFFE is organised in a US territory and all of the owners of the payee are bona fi de residents of that US territory. The defi nition of US territory is set out at Article 1 (1) (b) of the agreement.


The NFFE is a non-US government, a political subdivision of such non-US government (which, for the avoidance of doubt, includes a state, province, county, or municipality), or a public body performing a function of such non-US government or a political subdivision thereof, a government of a US territory, an international organisation, a non-US central bank of issue, or an entity wholly owned by one or more of the foregoing.

11 Non-fi nancial foreign (non-US) entities (Active NFFE – part 2)Tick one box in section 11 and then complete the declaration in section 14.

We will classify you as an Active NFFE for The International Tax Compliance (USA) Regulations 2013 and a Passive NFFE for The International Compliance (Crown Dependencies & Gibraltar) Regulations 2014.

Alternatively, move to section 12 if the options below are not applicable.


The NFFE is established and operated in its jurisdiction of residence exclusively for religious, charitable, scientifi c, artistic, cultural, athletic, or educational purposes; or it is established and operated in its jurisdiction of residence and it is a professional organisation, business league, chamber of commerce, labour organisation, agricultural or horticultural organisation, civic league or an organisation operated exclusively for the promotion of social welfare; AND

It is exempt from Income Tax in its country of residence; AND

It has no shareholders or members who have a proprietary or benefi cial interest in its income or assets; AND

The applicable laws of the entity’s country of residence or the entity’s formation documents do not permit any income or assets of the entity to be distributed to, or applied for the benefi t of, a private person or non-charitable entity other than pursuant to the conduct of the entity’s charitable activities, or as payment of reasonable compensation for services rendered, or as payment representing the fair market value of property which the entity has purchased; AND

The applicable laws of the entity’s country of residence or the entity’s formation documents require that, upon the entity’s liquidation or dissolution, all of its assets be distributed to a governmental entity or other non-profi t organisation, or escheat to the government of the entity’s country of residence or any political subdivision thereof.

AJBYI/FATCA-EQ/06/14

AJ Bell includes AJ Bell Holdings Limited and its wholly owned subsidiaries. AJ Bell Management Limited and AJ Bell Securities Limited are authorised and regulated by the Financial Conduct Authority.

All companies are registered in England and Wales at Traff ord House, Chester Road, Manchester M32 0RS

12 Non-fi nancial foreign (non-US) entities (Active NFFE – part 3)Tick the box in section 12 and then complete the declaration in section 14.

We will classify you as a Passive NFFE for The International Tax Compliance (USA) Regulations 2013 and an Active NFFE for The International Compliance (Crown Dependencies & Gibraltar) Regulations 2014.

Alternatively, move to section 13 if the option below is not applicable.

13 Non-fi nancial foreign entities (Passive NFFE)Tick the box in section 13 and then complete the declaration in section 14.

14 AJ Bell Youinvest client declarationI certify that the information provided in this form is to the best of my knowledge and belief true, correct, complete and not misleading.

I confi rm that I am authorised to sign on behalf of the entity stated in section 1.

I understand that you will use the information provided in this form to determine if the entity named in section 1 is a reportable entity under The International Tax Compliance (USA) Regulations 2013 and The International Compliance (Crown Dependencies & Gibraltar) Regulations 2014.

I understand that information provided independently about controlling persons, trustees or benefi ciaries of the entity stated in section 1, may be used to report to HMRC under The International Tax Compliance (USA) Regulations 2013 and The International Compliance (Crown Dependencies & Gibraltar) Regulations 2014.


The NFFE is any government, a political subdivision of such government (which, for the avoidance of doubt, includes a state, province, county, or municipality), or a public body performing a function of such government or a political subdivision thereof, a government of a territory, an international organisation, a central bank of issue, or an entity wholly owned by one or more of the foregoing.

I am NOT an ACTIVE NFFE.

By default I am a PASSIVE NFFE.

Print name

Capacity

Signed

Date

The following UK regulations will help you to determine your FATCA status:

• The International Tax Compliance (USA) Regulations 2013

• The International Tax Compliance (Crown Dependencies & Gibraltar) Regulations 2014

The section below is provided only as a guide to other sources of information that may assist you in determining your FATCA status.

Please remember that AJ Bell cannot determine your FATCA classifi cation for you, nor can we off er any advice as to what it might be.

If you are in any doubt about your FATCA status, you should seek advice from a suitably qualifi ed tax specialist.

1 FATCA guidance notes can be found on the HMRC website

http://www.hmrc.gov.uk/fatca/index.htm

They should be read by businesses and their advisers and they apply to:

UK fi nancial institutionsUK entities that will need to certify their classifi cation for FATCAEntities that undertake FATCA obligations on behalf of fi nancial institutions

2 Information regarding potential FATCA classifi cations can be found in section 2 of the guidance notes for The International Tax Compliance (USA) Regulations 2013.

3 In determining your classifi cation you should consider:

Whether you should be classifi ed as a fi nancial institution andWhether you maintain fi nancial accounts.

4 Section 2 of the guidance notes for The International Tax Compliance (USA) Regulations 2013 provides details for the following types of entities (amongst others):

UK fi nancial institutionsNon-fi nancial entitiesExempt benefi cial ownersInvestment advisers & investment managersTrustsPartnershipsInvestment trust companiesVenture capital trustsLocal client base fi nancial institutionsRetirement fundsCharities

5 The International Tax Compliance (Crown Dependencies & Gibraltar) Regulations 2014 generally provide detail on where the regulations for Crown Dependencies & Gibraltar diff er from those for the USA.

6 Section 2 of the guidance notes for The International Tax Compliance (Crown Dependencies & Gibraltar) Regulations 2014 provides additional details regarding FATCA classifi cation.

Appendix 1

AJBYI DA application form joint designated and bare trust · PDF fileSIPP ISA Dealing Junior...

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Transcript of AJBYI DA application form joint designated and bare trust · PDF fileSIPP ISA Dealing Junior...