Rowanmoor Family Pension Trust
Last updated: 10th April 2017
Charges Charges are subject to VAT although shown excluding VAT
Initial/Set up fee
£325 per member aged 18 or over, £200 per member aged under 18
Annual fee
Trustee fee, £300
Administration fee, £800 plus £150 per member
No annual member fee is charged for members under the age of 18
Transfer in fee
None
Transfer out fee
£325 per member, cash only transfers
£650 per member, in-specie transfers
Reporting to The Pensions Regulator, £180
Winding up and cessation of services, £650
In-specie transfer in fee
None
Taking Benefits
PAYE Set up, £130
Payment of PCLS, £105 per event
Ongoing fee, £150 per annum
Adjustment of payment, £125 per adjustment
Ad hoc payment, £250 per payment
UFPLS, £385 per payment
Additional Income Drawdown fees
None
Annuity purchase fee
None
Payment of death benefits fee
None
Other fees
Unquoted share transactions:
Purchase, £525 per transaction
Sale, £260 per transaction
Third party loans
Loan establishment to an unconnected third party, £450 per loan granted
Loan monitoring, £200 per annum
Other fees
NB - this option is currently suspended:
Transfer of asset in lieu of cash contribution, £750 per arrangement plus £80 per asset re-registration
Tax reclamation, £140 per recovery
Self-assessment submission, where required, £170 per submission
Complex investments, £525 per purchase or sale
Specialist actuarial calculations, £215 per calculation or time costed
Inclusion of new members, £350 per member, reduced to £200 for members under the age of 18
New trustee documentation, £200 per deed
Family Pension Trust documentation, £250 to £750
Trustee meetings, time costed
Management
Access: Direct or via IFA
Via IFA only
Online capability The Rowanmoor Family Pension Trust is a Family SIPP and does not presently offer any online interactive facilities at present
Details
Permitted Investments
Commercial property
Overseas property
Unit trusts & OEICS
All platforms allowed
External deposit accounts
Unrestricted access to all 'sippable' 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
Intellectual property
Brands / Trademarks
Goodwill
Third party loans
Property purchase
Purchase fee
£750 per purchase
Sale fee
£375 per property
Annual property administration fee
£275 per property
VAT registration fee
N/A
VAT return fees
N/A
Other fees
Property development, 1% of development costs, to a maximum of £2,500
Leases (other than at acquisition stage), £275
Borrowing, £350 - £550 depending on the lender
SIPP Bank Account
SIPP bank account provider
Metro Bank
Current interest rate
0.20%
Structure
Scheme trustees
Rowanmoor Trustees Ltd
Scheme administrator
Rowanmoor Personal Pensions Ltd
Minimum contributions No minimum
Regular payments
No minimum
Transfers/Single Premiums
No minimum
Min additional
No minimum
Company Information
Ownership
Privately owned
Year established
2006
Funds under management
£3,950m
Number of SIPPs administered
800 schemes, 2,300 members
Defaqto rating
Not rated
Transfers
Accepts benefits from defined benefit / final salary schemes?
Yes, only if IFA advised
Misc
Flexi-Access 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.