@sipp Collective SIPP

Last updated: 22nd June 2020

Charges Charges are subject to VAT although shown excluding VAT

Initial/Set up fee

£155, advised
£207, non-advised

Annual fee

£403

Transfer in fee

None

Transfer out fee

Full transfer out £413
Partial transfer out £207

In-specie transfer in fee

None

Taking benefits

£165 per crystallisation

£165 per Uncrystallised Fund Pensions Lump Sum payment

£124 pa for regular income payments (annual, quarterly or monthly)

£52 Alteration to income

£103 Capped Drawdown review

Annuity purchase fee

£103

Payment of death benefits fee

£207

Other fees

Standard Investment / Disinvestment Transactions £0

Pension Credit Order £207

Non-standard administration £103 per hour

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

Management

Access: Direct or via IFA

Both

Online capability

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.

Permitted Investments

Commercial property

Unit trusts & OEICS

All platforms allowed

External deposit accounts

Where realisable within 30 days

Overseas listed stock and shares

All stockbrokers allowed

UK listed stocks 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

National Savings & Investments

Unlisted shares

Structured products

Trustee Investment Plans

Insurance company pension funds

Hedge funds

Traded endowment plans

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

Barclays Bank

Current interest rate

Bank Base Rate less 1%

Structure

Scheme trustees

@sipp Pension Trustees Ltd

Scheme administrator

@sipp Limited

Minimum contributions

Regular payments

None

Transfers/Single Premiums

None

Min additional

None

Company Information

Ownership

Privately owned

Year established

2001

Funds under management

£1.67bn as at February 2020

Number of SIPPs administered

4,144 as at February 2020

Transfers

Accepts benefits from defined benefit / final salary schemes?

Yes, if IFA advised

Misc

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.

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.