@sipp Solo SIPP & Solo SIPP +

Last updated: 22nd June 2020

Charges Charges are subject to VAT although shown excluding VAT

Initial/Set up fee

£103 Advised

£155 Non-advised

Annual fee

Solo SIPP
£231 Advised £283 Non-advised

Solo SIPP + (2 investments/arrangements)
£283 Advised £335 Non-advised

Solo SIPP + (3 investments/arrangements)
£335 Advised £386 Non-advised

Transfer in fee

None

Transfer out fee

£258 Full transfer out

£207 partial transfer out

In-specie transfer in fee

None

Taking benefits

Crystallisation £165

Uncrystallised Funds Pension Lump Sum £165 per payment

Regular income payment (annually, quarterly, monthly) £124 pa

Alteration to income £52

Capped Drawdown review £103

Annuity purchase fee

£103

Payment of death benefits fee

£207

Other fees

Standard Investment/Disinvestment Transactions Free

A Standard Asset must be capable of being accurately and fairly valued on an ongoing basis and readily realised within 30 days, whenever required

Pension credit order, £207

Non-standard administration, £103 per hour

Management

Access: Direct or via IFA

Both

Online capability

Details

Both IFA and member can have read-only access to plan data. IFA can have access to browser based illustration module. Online trading is available where this is supported by external investment service provider.

Permitted Investments

Commercial property

Overseas property

Unit trusts & OEICS

all platforms allowed

External deposit accounts

where realisable within 30 days

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

N/A

Sale fee

N/A

Annual property administration fee

N/A

VAT registration fee

N/A

VAT return fees

N/A

Other fees

SIPP Bank Account

SIPP bank account provider

Barclays

Current interest rate

1% below Bank Base Rate

Structure

Scheme trustees

@sipp Pensions Trustees Limited

Scheme administrator

@sipp Limited

Minimum contributions

Regular payments

None

Transfers/Single Premiums

None

Min additional

None

Company Information

Ownership

Privately owned

Year established

2001

Funds under management

£1.67bn as at February 2020

Number of SIPPs administered

4,144 as at February 2020

Defaqto rating

Transfers

Accepts benefits from defined benefit / final salary schemes?

Yes, only if IFA advised

Misc

Flexi-Access Drawdown/UFPLS offered

Yes

Scheme Pension 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.