DP Pensions Ltd – Premier Trust Full & Single Investment SIPP

Initial/Set up fee

£0 - Full SIPP & Single Investment SIPP

Annual fee

£645 - Full SIPP
£230 - Single Investment SIPP

Transfer in fee

£0

Transfer out fee

£175 per transfer

£280 per in specie transfer

In-specie transfer in fee

£50 - standard investment

Property, £460 (Full SIPP)

Taking Benefits

Calculation of member benefits: nil

Crystallisation of member benefits: £145 per crystallisation

Payment of pension through capped, flexi access drawdown or UFPLS: £145 per year

Review of pension limits under capped drawdown: £115 per review

Switch from capped drawdown to flexi-access drawdown: Nil

Closure of SIPP during flexi access drawdown or UFPLS: £220

Annuity purchase fee

£125

Payment of death benefits fee

Payment made in cash, £435 per payment

In-specie payment of equities, £575 per payment

In-specie payment of property, £680 per payment (Full SIPP)

Designation of death benefits and transfer to external pension provide, £435 per payment

Payment of beneficiary's pension, £145 per annum

Other fees

Other investment charges

Setting up a fixed term deposit £65 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: £350

Access: Direct or via IFA

Both

Details

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

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

Purchase fee

£750

Sale fee

£465

Annual property administration fee

£420 per property/piece of land

VAT registration fee

£110

VAT return fees

£180 per year

Other fees

Borrowing: £330 per loan

Annual borrowing fee: £115

Rent review: £90

Other property transactions (e.g. change of ownership percentage for joint property etc.): £290

SIPP bank account provider

Metro Bank

Current interest rate

£0 – £50,000 1.40%
£50,001 – £500,000 1.45%
£500,001 + 1.50%

Scheme trustees

DA Phillips & Co Ltd

Scheme administrator

DP Pensions Ltd

Regular payments

No minimum

Transfers/Single Premiums

No minimum

Min additional

No minimum

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

Accepts benefits from defined benefit / final salary schemes?

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

Flexi-Access Drawdown/UFPLS offered

Yes

Scheme Pension offered

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

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.