Astute Trustee Services Simple SIPP

Last updated: 21st May 2019

Charges Charges are subject to VAT although shown excluding VAT

Initial/Set up fee

£120

Annual fee

£22 per month (£264)

Transfer in fee

£75, per transfer

Transfer out fee

£150, assumes whole fund is transferred out to one receiving scheme

In-specie transfer in fee

£75

Taking Benefits

Initial: £100 per BCE

Ongoing: £150 per year

Annuity purchase fee

£150

Payment of death benefits fee

Time-costed

Other fees

HMRC event report, £75

Payment of dependant's pension, £200

Pension share on divorce, Time-costed

Management

Access: Direct or via IFA

Via IFA only

Online capability

Details

Clients and IFA's can view the balance of their Simple SIPP via the Astute Trustee Services Platform. IFA's can place trades via the Astute Trustee Services Platform.

Permitted Investments

Commercial property

Overseas property

Unit trusts & OEICS

In house platform only

External deposit accounts

Unrestricted access to all 'sippable' deposit accounts

Overseas listed stock and shares

In house stockbrokers only

UK listed stocks and shares

In house stockbrokers only

AIM shares

In house stockbrokers only

Gilts/corporate bonds

In house stockbrokers only

ETFs

In house stockbrokers only

Investment trusts

In house stockbrokers only

Discretionary management

National Savings & Investments

Unlisted shares

Structured products

Trustee Investment Plans

Insurance company funds

Hedge funds

Traded endowment plans

Intellectual property

Brands / Trademarks

Goodwill

Third party loans

Property purchase

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

SIPP bank account provider

Cater Allen

Current interest rate

0.00%

Structure

Scheme trustees

Astute Pension Trustees Limited

Scheme administrator

Astute Trustee Services Limited

Minimum contributions

Regular payments

No minimum

Transfers/Single Premiums

No minimum

Min additional

No minimum

Company Information

Ownership

Private company

Year established

2011

Funds under management

£50 million

Number of SIPPs administered

50

Defaqto rating

Two stars

Transfers

Accepts benefits from defined benefit / final salary schemes?

Yes, only if IFA advised

Misc

Flexible Drawdown offered

Yes

Scheme Pension offered

No

Notes

Astute Trustee Services offer a Complex SIPP, which allows a larger spectrum of investments. They also offer a Group SIPP and a SSAS.

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.