Alltrust SIPP

Last updated: 22nd June 2020

Charges Charges are subject to VAT although shown excluding VAT

Initial/Set up fee

£375 - Full SIPP
£175 - Oasis SIPP

Annual fee

£600 - Full SIPP

£300 - Oasis SIPP (1 investment type)
+ £50 for each extra investment type

Transfer in fee

£125 - Full SIPP
£75 - Oasis SIPP for 2nd and subsequent transfers in

Transfer in of overseas assets, £750

Transfer out fee

£125

Transfer out of overseas assets, £375 - £750

In-specie transfer out £165

In-specie transfer in fee

Nil if transfer relates to on an panel investment provider.

Taking Benefits

Calculation & payment of PCLS (advised only): Initial £150

Calculation and payment of benefits
Capped, Flexi-Access & UFPLS
Initial: £150

Conversion to Flexi-Access Drawdown from Existing Capped Drawdown
Initial: £150

Annual Pension and PAYE Administration: £150

Annuity purchase fee

Transfer out £125

Payment of death benefits fee

Not provided

Other fees

Pension Scheme Return, £50

SIPP closure, £250

In-specie contribution, £250

Investment Transactions

Investment transaction, £75

Annual fund management administration, 0.25% of total scheme assets (min £750)

Secured Third Party Loan, £450

Annual loan administration, £550

Unlisted share acquisition, on case-by case basis

Annual unlisted share administration, £750 minimum

Ad-hoc administration, up to £180 per hour

Management

Access: Direct or via IFA

Both

Online capability

Details

The Alltrust proposition is service based and customers prefer to speak to someone rather than relying on an online system. We offer an online technical facility for all our supporting IFAs

Permitted Investments

Commercial property

Unit trusts & OEICS

All platforms allowed

External deposit accounts

Unrestricted access to all 'sippable' deposit accounts

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

Structured products

Trustee Investment Plans

Insurance company funds

Hedge funds

Traded endowment plans

Third party loans

Property purchase

Purchase fee

£650

Sale fee

£450

Annual property administration fee

£350

VAT registration fee

£300

VAT return fees

£250

Other fees

Borrowing

Initial fee, £300

Annual fee, £250

Other fees

Lease renewal fee, £250

Property development, 1% of total development cost (min £500)

Residential property development, 1.25% of total development costs (min £750)

SIPP Bank Account

SIPP bank account provider

Metro Bank

Current interest rate

TBC

Structure

Scheme trustees

Member plus Alltrust SIPP

Scheme administrator

Alltrust Services Ltd

Minimum contributions

Regular payments

No minimum

Transfers/Single Premiums

No minimum

Min additional

No minimum

Company Information

Ownership

Privately owned

Year established

2005

Funds under management

TBC

Number of SIPPs administered

1000+ schemes

Defaqto Rating

Not disclosed

Transfers

Accepts benefits from defined benefit / final salary schemes?

Yes, only if IFA advised

Misc

Flexible Drawdown offered

Yes

Scheme Pension

Yes

Notes

Disclaimer

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.