Organon SIPP

Last updated: 12th October 2020

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, £500 for property

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

£500

Sale fee

£250

Annual property administration fee

None

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 / Cater Allen

Current interest rate

0.1%

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.