YorSIPP Full SIPP

Initial/Set up fee

£225

Annual fee

£825
Additional annual fee for members without a regulated Financial Adviser £130

Transfer in fee

None

Transfer out fee

Transfer Out Cash £170
Transfer Out UK based asset £290 per asset but capped at £870
Transfer Out Overseas £860

Taking Benefits

Flexi-Access Drawdown £225 initial
(£270 with immediate income payment)

Regular income payroll admin £230 per year

UFPLS £270 per payment

One-off payments £130

Annuity purchase fee

£155

Payment of death benefits fee

Death Benefits Lump Sum £255
Death Benefits Beneficiary Drawdown Nil

Other fees

Pensions on Divorce Settlement £460

Non-standard investment Annual, £620

Residual funds after transfer / account closure £60

Access: Direct or via IFA

IFA only

Details

None at present

Commercial 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

Considered on a case by case basis

Structured products

Trustee Investment Plans

Insurance company funds

Hedge funds

Considered on a case by case basis

Traded endowment plans

Third party loans

Subject to a maximum of 70% of the fund. Small loans can be unsecured, loans over £20,000 need to be secured

Purchase fee

£720 per property

Sale fee

£545 per property

Annual property administration fee

£825 per property

VAT registration fee

£200

VAT Registration Joint Ownership £290

VAT return fees

£240

VAT Return Joint Ownership £280

Other fees

Borrowing £460 set up
Borrowing redemption £230

Property/Land Development £255 - £565

New Tenant £240

Aborted Purchase £545

Aborted Sale £350

Non Block Policy Insurance Cover £140

SIPP bank account provider

Royal Bank of Scotland

Current interest rate

1.48%

Scheme trustees

Yorsipp (Trustees Limited)

Scheme administrator

Yorsipp Limited

Regular payments

No minimum

Transfers/Single Premiums

No minimum

Min additional

No minimum

Ownership

Privately owned

Year established

2006

Funds under administration

c£135 million

Number of SIPPs administered

2,000+

Defaqto rating

Not rated

Accepts benefits from defined benefit / final salary schemes?

Yes, if IFA advised

Flexi-Access Drawdown/UFPLS

Yes

Scheme Pension offered

No

Notes

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.