EBS SIPP

Last updated: 22nd June 2020

Charges Charges are subject to VAT although shown excluding VAT

Initial/Set up fee

£0

Annual fee

£600

Transfer in fee

£125

Transfer out fee

Cash transfer out £125
In-Specie transfer out £150
In-Specie transfer out of non-standard asset £250
Transfer out to QROPS £300

In-specie transfer in fee

£150 per asset

Income Drawdown

Initial: £150

Ongoing: £100 per annum

Additional Income Drawdown fees

Each subsequent mandatory review, £150

Flexible Drawdown, £150 set-up fee

Lifetime Allowance check at age 75, £150

Annuity purchase fee

£125

Payment of death benefits fee

£350

Other fees

Work in connection with divorce proceedings £350

Work in connection with non-standard assets, time cost

Management

Access: Direct or via IFA

Both

Online capability

Details

None for the SIPP wrapper but various investments may have online dealing capabilities or view services.

Permitted Investments

Commercial property

Unit trusts & OEICS

External deposit accounts

Overseas listed stock and shares

UK listed stocks and shares

AIM shares

Gilts/corporate bonds

ETFs

Investment trusts

Discretionary management

National Savings & Investments

Unlisted shares

on a case by case basis

Structured products

Trustee Investment Plans

Insurance company funds

Hedge funds

Traded endowment plans

Third party loans

on a case by case basis

Property purchase

Purchase fee

Time costed, overall costs typically £850 for one property, one member, with no mortgage

Sale fee

Time costed

Annual property administration fee

Time costed

VAT registration fee

Time costed

VAT return fees

Time costed

Other fees

SIPP Bank Account

SIPP bank account provider

Bank of Scotland

Current interest rate

0% per annum

Structure

Scheme trustees

EBS

Scheme administrator

EBS

Minimum contributions

Regular payments

No minimum

Transfers/Single Premiums

No minimum

Min additional

No minimum

Company Information

Ownership

Wholly owned by Embark Group

Year established

1970, SIPP launched 2000

Funds under management

£7.2bn as at November 2019

Number of SIPPs administered

33,000 clients as at November 2019

Defaqto rating

None

Transfers

Accepts benefits from defined benefit / final salary schemes?

Yes, if IFA advised

Misc

Flexible Drawdown offered

Yes

Scheme Pension offered

No

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.