Last updated20th September 2016

Reviews

Read reviews for the Astute Trustee Services Complex SIPP

Charges

Charges are subject to VAT although shown excluding VAT
Initial/Set up fee£495
Annual fee£480
Transfer in fee£75, per transfer
Transfer out fee£500 plus £30 per asset, except property
In-specie transfer in feeTime costed
Taking BenefitsInitial: £150

Ongoing: £150 per year
Annuity purchase fee£150
Payment of death benefits fee£500
Other feesHMRC event report, £75

Payment of dependant's pension, £150

Pension share on divorce, £500

Maximum contribution calculation, £150

Management

Access: Direct or via IFAVia IFA only

Online capability

DetailsClients and IFA's can view the balance of their Simple SIPP via the Astute Trustee Services Platform. IFA's can place trades via the Astute Trustee Services Platform.

Permitted Investments

Commercial property
Overseas 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
Structured products
Trustee Investment Plans
Insurance company funds
Hedge funds
Traded endowment plans
Intellectual property
Brands / Trademarks
Goodwill
Third party loans

Property purchase

Purchase fee£500, if an Astute appointed Solicitor is used

£750, if another Solicitor is used
Sale fee£500, if an Astute appointed Solicitor is used

£750, if another Solicitor is used
Annual property administration fee£450 per property
VAT registration fee£150
VAT return fees£75 per periodic return
Other feesMortgage arrangement charge, £250

Lease review, £150

SIPP Bank Account

SIPP bank account providerBarclays
Current interest rate0.00%

Structure

Scheme trusteesAstute Pension Trustees Limited
Scheme administratorAstute Trustee Services Limited

Minimum contributions

Regular paymentsNo minimum
Transfers/Single PremiumsNo minimum
Min additionalNo minimum

Company Information

OwnershipPrivate company
Year established2011
Funds under management£50 million
Number of SIPPs administered50
Defaqto rating5 stars

Transfers

Accepts benefits from defined benefit / final salary schemes?Yes, only if IFA advised

Misc

Flexible Drawdown offeredYes
Scheme Pension offeredYes
NotesAstute Trustee Services offer a Simple SIPP, Group SIPP and a SSAS.

Need advice on your SIPP?

Contact our team of SIPP specialists today:

0115 933 8433

info@investmentsense.co.uk

Online enquiry form

Astute Trustee Services Complex SIPP

Astute Trustee Services was founded in 2011 and offers three SIPPs (Self Invested Personal Pension). They are called Astute Complex SIPP, Simple SIPP and Group SIPP.

Astute Trustee Services are based in Preston. They administer over 50 SIPPs and have £50 million in funds under management.

The Astute Complex SIPP is only available via Independent Financial Adviser (IFA). There are no minimum contribution levels and the mandated SIPP bank account provider is Barclays bank. The SIPP allows investment into a number of assets including commercial property, unit trusts & OEICS, external deposit accounts, UK listed stocks and shares, National Savings & Investments and investment trusts.