Wealthtime

Last updated: 22nd June 2020

Charges Charges are not subject to VAT

Initial/Set up fee

None

Annual fee

First £500,000, 0.3%

Next £500,000, 0.2%

Over £1,000,000 0.1%

Transfer in fee

None

Transfer out fee

None

In-specie transfer in fee

None

Income Drawdown

Initial: None

Ongoing: None

Additional Income Drawdown fees

None

Annuity purchase fee

None

Payment of death benefits fee

None

Other fees

Management

Access: Direct or via IFA

Via IFA only

Online capability

Details

Fully online service for advisers and clients including real time valuations, trading, portfolio analysis, online document store, transaction reports, KIIDS, dashboard, secure messaging.

Permitted Investments

Commercial property

Unit trusts & OEICS

Via in-house platform only

External 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

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

N/A

SIPP Bank Account

SIPP bank account provider

Barclays

Current interest rate

0.25% below base rate

Structure

Scheme trustees

Wealthtime Trustees Limited

Scheme administrator

Wealthtime Limited

Minimum contributions

Regular payments

No minimum

Transfers/Single Premiums

No minimum

Min additional

No minimum

Company Information

Ownership

Wealthtime Limited

Year established

2006

Funds under management

£560 million

Number of SIPPs administered

1,548

Defaqto rating

Five Stars

Transfers

Accepts benefits from defined benefit / final salary schemes?

Yes, if IFA advised

Misc

Flexible Drawdown offered

Yes

Scheme Pension offered

No

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.