Morgan Lloyd Qualitas SIPP & Directus SIPP

Last updated: 22nd June 2020

Charges Charges are subject to VAT although shown excluding VAT

Initial/Set up fee

£495 - Qualitas SIPP

£0 - Directus SIPP (panel investment provider)
£150 - Directus SIPP (non-panel investment provider)

Annual fee

£930- Qualitas SIPP

£150 - Directus SIPP (panel investment provider)
£250 - Directus SIPP (non-panel investment provider)

Transfer in fee

None

Transfer out fee

£450 - Qualitas SIPP

£200 - Directus SIPP

In-specie transfer in fee

None - Qualitas SIPP

£150 - Directus SIPP

Income Drawdown

Benefit Crystallisation Calculation
£275 - Qualitas SIPP
£150 - Directus SIPP

Annual income drawdown fee
£275 - Qualitas SIPP
£175 - Directus SIPP

Additional Income Drawdown fees

stablishing a PAYE Scheme £160

Review pension income £100

Annuity purchase fee

None

Payment of death benefits fee

£275 - Qualitas SIPP
£175 - Directus SIPP

Other fees

Intellectual property or other asset purchase, £300 plus 0.25% of asset value

Intellectual property fee, £300 per year

To set up scheme pension, £600

Preparation and submission of registered pension scheme return, £175

SIPP wind up, £450

Establishment of a syndicate SIPP, £500

Unlisted Share purchase, £600 plus 0.25% of asset value

Payment of Pension Sharing Order £275

Non panel bank account £300

Non panel investment £180

Management

Access: Direct or via IFA

Via IFA only

Online capability

Details

None

Permitted Investments

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

Property purchase

Purchase fee

£750

Sale fee

£350

Annual property administration fee

£300 for one property
+£100 for every additional property

VAT registration fee

Included in annual property administration fee

VAT return fees

£25 per quarter

Other fees

Mortgage borrowing facilitation £200

SIPP Bank Account

SIPP bank account provider

Royal Bank of Scotland

Current interest rate

0%

Structure

Scheme trustees

Morgan Lloyd SIPP Services Limited

Scheme administrator

Morgan Lloyd SIPP Services Limited

Minimum contributions

Regular payments

£75

Transfers/Single Premiums

£1,000

Min additional

No minimum

Company Information

Ownership

Clifton Asset Management plc

Year established

2009

Funds under management

Approximately £12 million

Number of SIPPs administered

194

Transfers

Accepts DB transfers?

Yes, if IFA advised

Misc

Flexible Drawdown offered

Yes

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.