Bestinvest Best SIPP
Last updated: 22nd June 2020
Charges Charges are not subject to VAT unless specified
Initial/Set up fee
None
Annual fee
£100 plus VAT administration fee plus
Tiered Service Fee:
Investment value up to £250,000: 0.3% pa
£250,000 to £1million: 0.2% pa
Over £1million: no charge
Transfer in fee
None
Transfer out fee
None
In-specie transfer in fee
None
Taking Benefits
Set up fee, flexible drawdown, nil
Annual fee for income payments, after PCLS taken, nil for SIPP values of £100,000 or more, £100 plus VAT otherwise
Ad hoc income payments, £25 plus VAT
Alteration to income payment or frequency, £25 plus VAT
Annuity purchase fee
£150 plus VAT (£75 plus VAT if bought through Bestinvest)
Payment of death benefits fee
Time costed
Other fees
Share dealing:
Online purchase of UK shares: £7.50 per trade, regardless of size or frequency
Limit orders: free
Deals placed by phone £75 per deal
Transfer out to an overseas pension £250
Closure of account £290 plus VAT if within 1 year, £175 plus VAT if within 2 years, nil thereafter
Pension splitting on divorce, time costed
Refund of overpaid contributions, £75 plus VAT
Management
Access: Direct or via IFA
Direct only
Online capability
Details
Full online access for member dealing, valuations and fund switching
Permitted Investments
Commercial property
Overseas property
Unit trusts & OEICS
In house platform only
External deposit accounts
Overseas listed stock and shares
In house platform only
UK listed stocks and shares
In house platform only
AIM shares
In house platform only
Gilts/corporate bonds
ETFs
In house platform only
Investment trusts & REITS & EPUTS
In house platform only
Discretionary management
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
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
SEI
Current interest rate
0.25%
Structure
Scheme trustees
EBS Management plc
Scheme administrator
EBS Management plc
Minimum contributions
Regular payments
£100
Transfers/Single Premiums
£3,600
Min additional
£500 lump sum or transfer
Company Information
Ownership
Part of the Tilney Group
Year established
1986
Funds under management
Circa £20 billion across the Tilney Group
Number of SIPPs administered
Not disclosed
Defaqto Rating
Not rated
Transfers
Accepts benefits from defined benefit / final salary schemes?
Not known
Misc
Flexi-Access Drawdown/ UFPLS offered
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.