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.