Westerby Trustee Services SOLO SIPP

Last updated: 14th September 2023

Charges Charges are subject to VAT although shown excluding VAT

Initial/Set up fee

0.1% of assets transferred or contributions subject to a minimum of £250

Annual fee


Transfer in fee

Origo - Nil

Paper - £60 per transfer

Transfer out fee

Cash £250

Other assets £250 per asset

In-specie transfer in fee


Taking Benefits

Benefit Crystallisation Event, £180 per tranche
Regular payment of income, £170 pa
Ad-hoc payment, £170 extra

UFPLS £350

Capped Drawdown reviews £170
Conversion from Capped to Flexi-Access Drawdown, £170

Annuity purchase fee


Payment of death benefits fee

Time costed, subject to a minimum of £200

Other fees

Ad hoc valuations, £75

In specie transfer out, £250 (cash) & £250 per asset

Pension sharing on divorce, time costed subject to a minimum of £500

Additional deeds, £250

Reminder letters on matters outstanding over 90 days, £30 per letter


Access: Direct or via IFA


Online capability


Application Form, Key Features Documents available to download from website. Online access only available to IFAs

Permitted Investments

Commercial property

Unit trusts & OEICS

All platforms allowed

External deposit accounts

Additional fees may apply

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


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


Sale fee


Annual property administration fee


VAT registration fee


VAT return fees


Other fees


SIPP Bank Account

SIPP bank account provider

Metro Bank

Current interest rate

Not given


Scheme trustees

Westerby Trustee Services Limited

Scheme administrator

Westerby Trustee Services Limited

Minimum contributions

Regular payments

No minimum

Transfers/Single Premiums

No minimum

Min additional

No minimum

Company Information


Privately owned

Year established


Funds under management


Number of SIPPs administered

Over 1,900

Defaqto rating

5 Star


Accepts benefits from defined benefit / final salary schemes?



Flexible Drawdown offered


Scheme Pension offered



Payment of whole fund under Flexible Drawdown in year one, £275


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.