Morgan Lloyd – Qualitas SIPP & Directus SIPP

Initial/Set up fee

£605 - Qualitas SIPP

£315 - Directus SIPP

Annual fee

£1,140 annually / £110 pm - Qualitas SIPP (Advised clients)
£1,565 annually / £150 pm - Qualitas SIPP (Non-Advised clients)

£315 - Directus SIPP - Advised clients
£430 - Directus SIPP - Non-Advised clients

Transfer in fee

None

Transfer out fee

£605 - Qualitas SIPP

£245 - Directus SIPP

In-specie transfer in fee

£1,025 - Property transfer - Qualitas SIPP

£190 - Directus SIPP

Income Drawdown

Benefit Crystallisation Calculation
£335 - Qualitas SIPP
£190 - Directus SIPP

Annual income drawdown fee
£335 - Qualitas SIPP
£215 - Directus SIPP

Additional Income Drawdown fees

Establishing a PAYE Scheme £195

Review pension income £125

Annuity purchase fee

None

Payment of death benefits fee

£335 - Qualitas SIPP
£215 - Directus SIPP

Other fees

Intellectual property fee, £360 per year

Preparation and submission of registered pension scheme return, £215

SIPP wind up, £605

Establishment of a syndicate SIPP, £605

Unlisted Share purchase, £725 plus 0.25% of asset value

Payment of Pension Sharing Order £335

Non panel bank account £360

Non panel investment £215

Access: Direct or via IFA

Via IFA only

Details

A clear uncomplicated view of your finances in one place.
On your desktop and as an app on your tablet and smartphone, your finances are beautifully brought together under a single login.

Commercial property

Unit trusts & OEICS

All platforms allowed

External deposit accounts

Overseas listed stock and shares

All stockbrokers allowed

UK listed stocks and shares

All stockbrokers allowed

AIM shares

All stockbrokers allowed

Gilts/corporate bonds

All stockbrokers allowed

ETFs

All stockbrokers allowed

Investment trusts

All stockbrokers allowed

Discretionary management

Only Quilter or Brewin Dolphin allowed

National Savings & Investments

Unlisted shares

Structured products

Trustee Investment Plans

Insurance company funds

Hedge funds

Intellectual property

Third Party Loans

Traded endowment plans

Purchase fee

£1,025

Sale fee

£540

Annual property administration fee

£360 for one property
+ £120 for every additional property

VAT registration fee

Included in annual property administration fee

VAT return fees

£25 per quarter

Other fees

Mortgage borrowing facilitation £400

SIPP bank account provider

Royal Bank of Scotland & Metro Bank

Current interest rate

Royal Bank of Scotland - TBC
Metro Bank - 1%

Scheme trustees

Morgan Lloyd SIPP Trustees Limited

Scheme administrator

Morgan Lloyd SIPP Services Limited

Regular payments

£50

Transfers/Single Premiums

£500

Min additional

No minimum

Ownership

Clifton Asset Management plc

Year established

2003

Funds under management

Approximately £12 million

Number of SIPPs administered

194

Accepts DB transfers?

Yes, if IFA advised

Flexible Drawdown offered

Yes

Notes

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.