@sipp Full SIPP

Initial/Set up fee

Advised : £337

Non-advised: £676

Annual fee

£838

Transfer in fee

None

Transfer out fee

£540 full transfer out

£271 partial transfer out

In-specie transfer in fee

None

Taking benefits

Crystallisation: £215 per event

Uncrystallised Funds Pension Lump Sum: £215 per payment

Regular income payment (annually, quarterly or monthly): £161 pa

Alteration to income: £69

Capped Drawdown review: £135

Annuity purchase fee

£135

Payment of death benefits fee

£271

Other fees

Standard Investment / Disinvestment Transactions: £0

Non-Standard Asset Purchase £540 each

Non-Standard Asset Thereafter £676pa

Time cost (non-standard administration) £135 per hour

Pension Credit Order £271

A Standard Asset must also be capable of being accurately and fairly valued on an ongoing basis and readily realised within 30 days, whenever required.

Access: Direct or via IFA

Both

Details

Both IFA and member can have read-only access to plan data. IFA can have access to browser based illustration module. Online trading is available where this is supported by external investment service provider.

Commercial property

Unit trusts & OEICS

All platforms allowed

External deposit accounts

Accounts must be realisable within 30 days

Overseas listed stock and shares

All stockbrokers allowed

UK listed stocks and shares

All stockbrokers allowed

AIM shares

All stockbrokers allowed

Gilts/corporate bonds

All stockbrokers allowed

ETFs

All stockbrokers allowed

Investment trusts

All stockbrokers allowed

Discretionary management

Unrestricted access

National Savings & Investments

Unlisted shares

On a case by case basis

Structured products

Trustee Investment Plans

Insurance company pension funds

Third Party Loans

Hedge funds

Traded endowment plans

Purchase fee

£772 per property

Sale fee

£475 per property

Annual property administration fee

£742 per property

VAT registration fee

£161

VAT return fees

£204 per year

Other fees

SIPP Borrowing (Institutional), £204

SIPP Borrowing (non institutional), £407

Syndicate / Joint Ownership Set up: 2 to 3 members £326, 4 plus members £676

Syndicate / Joint Ownership (Annual): 2 to 3 members £87, 4 plus members £170

Lease changes or additional (not part of a purchase), £271

Approval of plans / alterations, time cost (minimum £204)

Aborted property purchase, time cost (minimum £353)

Insurance fee (if not part of a block policy), £135 pa

Rent review if not carried out by property manager, £271

Missed rent payment (connected party), £69 each

Loan to 3rd parties £204 per year

SIPP bank account provider

Barclays Bank

Current interest rate

0.25%

Scheme trustees

@sipp Pension Trustees Limited

Scheme administrator

@sipp Limited

Regular payments

None

Transfers/Single Premiums

None

Min additional

None

Ownership

Privately owned

Year established

2001

Funds under management

£1.95bn as at October 2021

Number of SIPPs administered

4,402 as at October 2021

Accepts benefits from defined benefit / final salary schemes?

Yes, if IFA advised

Flexi-Access Drawdown/UFPLS Offered

Yes

Notes

@sipp was established in 2001 to deliver the highest quality of technical expertise and customer service in Self Invested Personal Pension provision. @sipp has grown largely on the quality of service delivered to IFA clients looking to invest in commercial property but has since grown to provide a service across the asset classes. With @sipp being totally independent from life company or fund management influences, this gives the IFA and their client total freedom to choose from the wider market and select assets to meet individual needs. The business initially supported IFAs in the central belt of Scotland but soon spread to cover IFAs across the UK. @sipp is now focussed on following a strategy to build a national provider of real SIPPs as the sector professionalises in response to market and regulatory influences.

The information within this section is for your general information purposes only and does not constitute investment advice. It is not an offer to purchase or sell any particular asset and it does not contain all of the information which an investor may require in order to make an investment decision. Please obtain professional advice before entering into any new arrangement. Although endeavours have been made to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of the information of this site.