Last updated: 22nd June 2020

Charges All fees include VAT

Initial/Set up fee


Annual fee


Transfer in fee


Transfer out fee

Transfer Out Cash Nil
Transfer Out UK based asset £115 per asset but capped at £300
Transfer Out UK Based Property £430
Transfer Out Overseas £640

In-specie contribution fee

Taking Benefits

Flexi-Access Drawdown £165 initial ( £205 with immediate income payment)

regular income payroll admin £165 per year

UFPLS £205 per payment

One-off payments £85

Annuity purchase fee


Payment of death benefits fee


Other fees

Pensions on Divorce Settlement £330

Non-standard investment purchase - Deposit £110
Non-standard investment purchase - except deposit £430
Non-standard investment purchase, except deposit £430


Access: Direct or via IFA

IFA only

Online capability


None at present

Permitted Investments

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


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

Property purchase

Purchase fee

£565 per property

Sale fee

£430 per property

Annual property administration fee

£665 per property

VAT registration fee


VAT Registration Joint Ownership £215

VAT return fees


VAT Return Joint Ownership £215

Other fees

Borrowing £330 set up
Borrowing redemption £160

Property/Land Development £430

New Tenant £200

Aborted Purchase £430

Non Block Policy Insurance Cover £100

SIPP Bank Account

SIPP bank account provider

Bank of Scotland

Current interest rate



Scheme trustees

Yorsipp (Trustees Limited)

Scheme administrator

Yorsipp Limited

Minimum contributions

Regular payments

No minimum

Transfers/Single Premiums

No minimum

Min additional

No minimum

Company Information


Privately owned

Year established


Funds under administration

c£571 million across all schemes (including SSAS)

Number of SIPPs administered


Defaqto rating

Not rated


Accepts benefits from defined benefit / final salary schemes?

Yes, if IFA advised


Flexi-Access Drawdown/UFPLS


Scheme Pension offered




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.