Last updated20th September 2016

Reviews

Read reviews for the Astute Trustee Services Simple SIPP

Charges

Charges are subject to VAT although shown excluding VAT
Initial/Set up fee£120
Annual fee£240
Transfer in fee£75, per transfer
Transfer out fee£150, assumes whole fund is transferred out to one receiving scheme
In-specie transfer in fee£75
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 In house platform only
External deposit accountsUnrestricted access to all 'sippable' deposit accounts
Overseas listed stock and shares In house stockbrokers only
UK listed stocks and shares In house stockbrokers only
AIM shares In house stockbrokers only
Gilts/corporate bonds In house stockbrokers only
ETFs In house stockbrokers only
Investment trusts In house stockbrokers only
Discretionary management
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 feeN/A
Sale feeN/A
Annual property administration feeN/A
VAT registration feeN/A
VAT return feesN/A
Other feesN/A

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 ratingTwo stars

Transfers

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

Misc

Flexible Drawdown offeredYes
Scheme Pension offeredNo
NotesAstute Trustee Services offer a Complex SIPP, which allows a larger spectrum of investments. They also offer a 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 Simple SIPP

Astute Trustee Services was founded in 2011 and offers three SIPPs (Self Invested Personal Pension). They are called Astute Simple SIPP, Complex 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 Simple 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 unit trusts & OEICS, external deposit accounts and investment trusts.