Rowanmoor SIPP – Full investment option

Last updated: 22nd June 2020

Charges Charges are subject to VAT although shown excluding VAT

Initial/Set up fee

£300

Annual fee

£550

Transfer in fee

Nil

Transfer out fee

£0 per cash transfer

£500 per in-specie transfer

In-specie transfer in fee

not currently permitted

Taking Benefits

Payment of PCLS £105 per event

Payment of pensions:

£130 PAYE set up

£150 per annum for regular payments of pension

Making adjustment to regular payments, £125 per adjustment

Making ad hoc payment from existing drawdown, £250 per payment

Uncrystallised Pension Fund Lump Sum, £385 per event

Annuity purchase fee

Nil

Payment of death benefits fee

Nil

Other fees

Investment portfolio established with non-SIPP partner, £60

Direct investments (basic) £60 per investment

Unquoted shares transactions £825 purchase, £290 sale per transaction

Direct investments (complex) £525 per transaction

HMRC reporting, time costed

Tax reclamation, £140 per recovery

Provision of information to third parties, time costed

In specie transfer out, £650 per arrangement

Offshore or overseas investments, time costed

Ad hoc SIPP valuation, £60 per asset

Management

Access: Direct or via IFA

via IFA only

Online capability

Details

SIPPView is our online service available to all Rowanmoor SIPP clients and their financial advisers.

It provides a wide range of information, including valuations, financial transactions, asset holdings, benefit details, adviser fees and contact details for the SIPP client, their advisers and the appointed SIPP administrator.

The features of SIPPView include: SIPP portfolio valuations and a breakdown of asset holdings; the cash balance and historic transactions for the SIPP bank account; details of contributions paid and transfers received both in cash and in specie; benefits information, including a breakdown of all crystallisation events; fee history, including adviser fees paid; a direct link to the appointed SIPP administrator via secure messaging. Financial advisers can view all their Rowanmoor SIPP clients’ plan details on SIPPView through their personal account.

Permitted Investments

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

Property purchase

Purchase fee

£750 per property

Sale fee

£375 per property

Annual property administration fee

£275 per property

VAT registration fee

Nil, Rowanmoor do not register SIPPs for VAT

VAT return fees

not applicable

Other fees

Property development, 1% of development costs subject to a maximum £2,500

Leases other than at property acquisition, £275

Borrowing, £520
Borrowing Annual Charge, £100 pa
Loan to unconnected third party, £450 per loan granted

Loan monitoring, £235 per loan per annum

SIPP Bank Account

SIPP bank account provider

Metrobank

Current interest rate

0.10%

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

4,500

Defaqto rating

5 star

Transfers

Accepts benefits from defined benefit / final salary schemes?

Yes, only if IFA advised

Misc

Flexi-Access Drawdown/UFPLS 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.