DP Pensions Ltd – Premier Trust Full & Single Investment SIPP

Last updated: 22nd June 2020

Charges Charges are subject to VAT although shown excluding VAT

Initial/Set up fee

£200 - Full SIPP
£0 - Single Investment SIPP

Annual fee

£475 - Full SIPP
£195 - Single Investment SIPP

Transfer in fee

£0

Transfer out fee

£150 per transfer

£250 per in specie transfer

In-specie transfer in fee

Equity investments, £100

Property, £400

Taking Benefits

Calculation of member benefits: nil

Crystallisation of member benefits: £130 per crystallisation

Payment of pension through capped, flexi access drawdown or UFPLS: £125 per year

Review of pension limits under capped drawdown: £100 per review

Switch from capped drawdown to flexi-access drawdown: £50

Closure of SIPP during flexi access drawdown or UFPLS: £200

Annuity purchase fee

£105

Payment of death benefits fee

Payment made in cash, £375 per payment

In-specie payment of equities, £375 per payment

In-specie payment of property, £500 per payment

Payment of beneficiary's pension, £125 per annum

Other fees

Other investment charges

Setting up a fixed term deposit £50 per account

Conventional investment transactions: £0

Setting up an additional current account: £150 per account set-up

Annual administration of additional current account: £150 per account set-up

Due Dilligence fee: £500

Non-Standard Investment Purchase £1,000

Non-Standard investment annual fee : £100

Non-Standard investment sale fee: £100

Plan valuations: nil

Client meeting: £270

Dealing with pension on divorce: £200

Management

Access: Direct or via IFA

Both

Online capability

Details

Clients can use the fund managers / platforms online functionality to obtain values

Permitted Investments

Commercial property

Full SIPP only

Unit trusts & OEICS

All platforms allowed

External deposit accounts

Unrestricted access to all 'sippable' deposit accounts (Full SIPP only)

Overseas listed stock and shares

All stockbrokers allowed - subject to our permitted investment list

UK listed stocks and shares

All stockbrokers allowed - subject to our permitted investment list

AIM shares

All stockbrokers allowed - subject to our permitted investment list

Gilts/corporate bonds

All stockbrokers allowed - subject to our permitted investment list

ETFs

All stockbrokers allowed - subject to our permitted investment list

Investment trusts

All stockbrokers allowed

Discretionary management

Unrestricted access

National Savings & Investments

- Full SIPP only

Unlisted shares

Structured products

Trustee Investment Plans

Insurance company funds

Hedge funds

Traded endowment plans

Third party loans

Property purchase

Purchase fee

£675

Sale fee

£350

Annual property administration fee

£235 per property

VAT registration fee

£100

VAT return fees

£130 per year

Other fees

Borrowing: £300 per loan

Annual borrowing fee: £50

Other property transactions (e.g. change of ownership percentage for joint property etc.): £250

SIPP Bank Account

SIPP bank account provider

Metro Bank

Current interest rate

£0-£49,999, 0%
£50,000 - £499,999, 0.125%
£500,000 plus, 0.25%

Structure

Scheme trustees

DA Phillips & Co Ltd

Scheme administrator

DP Pensions Ltd

Minimum contributions

Regular payments

No minimum

Transfers/Single Premiums

No minimum

Min additional

No minimum

Company Information

Ownership

D A Phillips

Year established

1987

Funds under management

£2.41 billion as at 29 February 2020

Number of SIPPs administered

6,444 as at 29 February 2020

Defaqto Rating

Five Stars

Transfers

Accepts benefits from defined benefit / final salary schemes?

Yes - only if IFA advised (IFA must have given a positive recommendation to transfer)

Misc

Flexi-Access Drawdown/UFPLS offered

Yes

Scheme Pension offered

Yes - scheme pension available that clients can transfer into if in an existing scheme pension

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.