Organon SIPP
Last updated: 5th January 2023
Charges Charges are subject to VAT although shown excluding VAT
Initial/Set up fee
£250
Annual fee
£395
Transfer in fee
None
Transfer out fee
£250
In-specie transfer in fee
Time costed
Income Drawdown
Initial: £100
Ongoing: £100
Additional Income Drawdown fees
Mandatory review, £100
Annuity purchase fee
£250
Payment of death benefits fee
£250
Other fees
Non-standard investment transactions time cost, min £500
Management
Access: Direct or via IFA
Both
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
Unrestricted access
National Savings & Investments
Unlisted shares
Structured products
Trustee Investment Plans
Insurance company funds
Hedge funds
Traded endowment plans
Third party loans
Property purchase
Purchase fee
£600
Sale fee
£300
Annual property administration fee
£200
VAT registration fee
£100
VAT return fees
£50 a quarter
Other fees
Lease renewal / new lease, £150
Borrowing, £250
Property development, time cost (min £500)
SIPP Bank Account
SIPP bank account provider
Royal Bank of Scotland
Current interest rate
0%
Structure
Scheme trustees
Organon Pension Trustees Limited
Scheme administrator
Organon SIPP Services Limited
Minimum contributions
Regular payments
No minimum
Transfers/Single Premiums
No minimum
Min additional
No minimum
Company Information
Ownership
Privately owned
Year established
2007
Funds under administration
Approximately £440 million as at 31 December 2019
Number of SIPPs administered
1,265 as at 31 December 2019
Defaqto Rating
Not rated
Transfers
Accepts benefits from defined benefit / final salary schemes?
Yes, if IFA advised
Misc
Flexi-Access Drawdown offered
Yes
Uncrystallised Funds Pension Lump Sum
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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