DP Pensions Ltd – Premier Trust Full & Single Investment SIPP
Last updated: 28th November 2024
Charges Charges are subject to VAT although shown excluding VAT
Initial/Set up fee
£0 - Full SIPP & Single Investment SIPP
Annual fee
£615 - Full SIPP
£225 - Single Investment SIPP
Transfer in fee
£0
Transfer out fee
£165 per transfer
£270 per in specie transfer
In-specie transfer in fee
£110 - Full SIPP - Equity investments
£105 - Single Investment SIPP - Equity investments
Property, £440 (Full SIPP)
Taking Benefits
Calculation of member benefits: nil
Crystallisation of member benefits: £140 per crystallisation
Payment of pension through capped, flexi access drawdown or UFPLS: £140 per year
Review of pension limits under capped drawdown: £110 per review
Switch from capped drawdown to flexi-access drawdown: £60
Closure of SIPP during flexi access drawdown or UFPLS: £220
Annuity purchase fee
£120
Payment of death benefits fee
Payment made in cash, £415 per payment
In-specie payment of equities, £550 per payment
In-specie payment of property, £650 per payment (Full SIPP)
Payment of beneficiary's pension, £140 per annum
Other fees
Other investment charges
Setting up a fixed term deposit £60 per account (Full SIPP)
Conventional investment transactions: £0
Setting up an additional current account: £155 per account set-up
Annual administration of additional current account: £155 per account set-up
Non-Standard investment annual fee : £130 (existing holdings only)
Non-Standard investment sale fee: £210
Plan valuations: nil
Dealing with pension on divorce: £335
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
£750
Sale fee
£445
Annual property administration fee
£400 per property
VAT registration fee
£110
VAT return fees
£170 per year
Other fees
Borrowing: £330 per loan
Annual borrowing fee: £110
Other property transactions (e.g. change of ownership percentage for joint property etc.): £280
SIPP Bank Account
SIPP bank account provider
Metro Bank
Current interest rate
£0 – £50,000 1.65%
£50,001 – £500,000 1.70%
£500,001 + 1.75%
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
6,800 as at February 2023
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.