Redswan SIPP

Initial/Set up fee

Nil

Annual fee

£540 in advance

Transfer in fee

Nil - first two transfers, £130 thereafter

Transfer out fee

in cash £405

to overseas pension scheme, time costed

in-specie transfer out, £405

In-specie transfer in fee

In -specie from investment manager or fund supermarket where assets held in nominee account, £130

in specie property, £750

in specie borrowing £410

in specie trustee investment plan £405

where investments held directly with fund provider/registrar £130, plus £70 per asset

where deeds of assignment are needed £405

Taking Benefits

taking PCLS, £205 per event

UFPLS, £205 per event

establishment of PAYE, £130

annually billed fee for operation of PAYE
monthly pension, £200
quarterly pension, £160
biannual pension, £115
annual pension, £75

Capped drawdown review, £170

non-standard benefits calculations, time costed

Annuity purchase fee

£240

Payment of death benefits fee

time costed

Other fees

SIPP closure fees:
in first year of opening, £405
in second year, £200
thereafter, nil
migrating to Cygnet plan, nil

Investment related fees:

regulated collectives (OEICs, unit & investment trusts) quoted/regulated portfolios, nil

trustee investment plans, National Savings, regulated structured products, nil

Fixed Term Deposits
New, £150 per account
Rollover with same provider, £50 per account

Upto 5 directly held gilts or quoted equities, nil, £130 for each holding thereafter

2nd hand endowments, derivatives, £405

Investment grade gold bullion, £700 in advance, time costed on completion

secured 3rd party loans, £675 initial appraisal fee, annual fee £200
rollovers/further advances £335

Intellectual Property, time costed initial appraisal fee, £240 annual fee, sale, time costed

Access: Direct or via IFA

Both

Details

TBC

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

Structured products

Trustee Investment Plans

Insurance company funds

Hedge funds

Traded endowment plans

Third party loans

Purchase fee

£750 for sole purchaser, £205 for each additional Redswan SIPP purchaser

for joint purchases with a non-Redswan SIPP, time costed

for more than a single tenant ( per tenant, per annum) £140

Sale fee

£545 with sole vendor, £105 for each additional vendor

for joint sale with non-Redswan SIPP, time costed

Annual property administration fee

£340 per property, per annum with a sole owner, £140 in addition for each extra owner

VAT registration fee

£200

VAT return fees

£70 per return, annually in advance

Other fees

tenant entering liquidation or receivership, £545

overseas property initial appraisal, £1,400, time costed on completion

site visits, UK time costed, overseas, negotiable

property build/development etc, 1% of project's value

lender foreclosing on mortgage, time costed

SIPP bank account provider

Bath Building Society / Metro Bank

Current interest rate

2.35% / TBC

Scheme trustees

Redswan Pensioneers Limited & Redswan Trustees Limited

Scheme administrator

Redswan Limited

Regular payments

None

Transfers/Single Premiums

None

Min additional

None

Ownership

Privately Owned

Year established

2004

Funds under management

not disclosed

Number of SIPPs administered

not disclosed

Defaqto rating

not available

Accepts benefits from defined benefit / final salary schemes?

Yes

Flexi-Access 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.