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.
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