YorSIPP Full SIPP
Last updated: 22nd June 2020
Charges All fees include VAT
Initial/Set up fee
£320
Annual fee
£665
Transfer in fee
None
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
£110
Payment of death benefits fee
Nil
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
Management
Access: Direct or via IFA
IFA only
Online capability
Details
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
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
Property purchase
Purchase fee
£565 per property
Sale fee
£430 per property
Annual property administration fee
£665 per property
VAT registration fee
£155
VAT Registration Joint Ownership £215
VAT return fees
£180
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
0.00%
Structure
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
Ownership
Privately owned
Year established
2006
Funds under administration
c£571 million across all schemes (including SSAS)
Number of SIPPs administered
2,000+
Defaqto rating
Not rated
Transfers
Accepts benefits from defined benefit / final salary schemes?
Yes, if IFA advised
Misc
Flexi-Access Drawdown/UFPLS
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.