FSCS - Personal accounts and cash accounts within a SIPP

amelia1983

Hi all,

Does anyone know if a client will be covered by 'two' FSCS £85k limits if they have both a personal Bank Account with say Barclays, but also have a cash account within their SIPP with Barclays?

Or would it be just one £85k as both accounts are with the same provider for the benefit of the same individual?

As the SIPP is technically in trust then I would assume two?

I would welcome your thoughts.

Thanks!

TimMatthias

Hi Amelia,

I believe it is £85K in total.

Tim

les_cameron

I believe your personal and SIPP holdings are combined too. So 85k in total