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.