YorSIPP Singular SIPP

Initial/Set up fee

£100

Annual fee

£295
Additional annual fee for members without a regulated Financial Adviser £125

Transfer in fee

None

Transfer out fee

Transfer Out Cash £165
Transfer Out UK based asset £280 per asset but capped at £840
Transfer Out UK Based Property N/A
Transfer Out Overseas £830

In-specie transfer in fee

None

Taking Benefits

Flexi-Access Drawdown set up £215
With immediate income payment £260
UFPLS £260
Regular income payroll admin £220
One-off income payments £125

Annuity purchase fee

£150

Payment of death benefits fee

Death Benefits Lump Sum £245
Death Benefits Beneficiary Drawdown Nil

Other fees

Pensions on Divorce Settlement £445

Residual funds after transfer / account closure, £55

Access: Direct or via IFA

IFA only

Details

None at present

Commercial property

Unit trusts & OEICS

All platforms allowed

External deposit accounts

Unrestricted access

Overseas listed stock and shares

All stockbrokers allowed

UK listed stocks and shares

All stockbrokers allowed

AIM shares

Gilts/corporate bonds

All stockbrokers allowed

ETFs

Investment trusts

All stockbrokers allowed

Discretionary management

Unrestricted access

National Savings & Investments

Unlisted shares

Structured products

Trustee Investment Plans

Insurance company funds

Hedge funds

Traded endowment plans

Third party loans

Purchase fee

N/A

Sale fee

N/A

Annual property administration fee

N/A

VAT registration fee

N/A

VAT return fees

N/A

Other fees

N/A

SIPP bank account provider

Royal Bank of Scotland

Current interest rate

TBC

Scheme trustees

Yorsipp (Trustees) Limited

Scheme administrator

Yorsipp Limited

Regular payments

No minimum

Transfers/Single Premiums

No minimum

Min additional

No minimum

Ownership

Privately owned

Year established

2006

Funds under management

£135 million

Number of SIPPs administered

2,000+

Defaqto rating

Not rated

Accepts benefits from defined benefit / final salary schemes?

Yes

Flexible Drawdown offered

Yes

Scheme Pension offered

No

Notes

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.