Last updated20th September 2016

Reviews

Read reviews for the Barclays Stockbrokers SIPP

Charges

Charges are subject to VAT although shown excluding VAT
Initial/Set up feeNone
Annual fee£155
Transfer in fee£75 for the first five transfers in only, no charge thereafter
Transfer out fee£75

£250 for transfer to QROPS
In-specie transfer in fee£75 for the first five transfers in only, no charge thereafter
Taking BenefitsInitial: £75

Ongoing: £100

Account closure fee : £75 where SIPP opened before 6th April 2015, £250 otherwise

UFPLS: £75 per payment request
Annuity purchase fee£75
Payment of death benefits feeTime costed
Other feesDealing costs are dependent on value of deal.

Online dealing:

Shares, £5.95 to £11.95

Funds, none

Telephone dealing:

Shares, £17.50 - £75

Funds, none

Automatic Dividend Reinvestment purchases are charged at a flat rate commission of 1% with a minimum of £1 and maximum of £7.50

Funds administration fee: 0.35% per annum subject to a minimum charge of £35 per annum per account. The fee is calculated on the daily value of Qualifying Fund holdings, up to a maximum of £500,000. There is no further charge on fund holdings over £500,000

Management

Access: Direct or via IFADirect Only

Online capability

DetailsOnline application, online debit card funding, online account management

Permitted Investments

Commercial property
Overseas property
Unit trusts & OEICS Via the Barclays Stockbrokers investment platform
External deposit accounts
Overseas listed stock and shares Via the Barclays Stockbrokers investment platform
UK listed stocks and shares Via the Barclays Stockbrokers investment platform
AIM shares Via the Barclays Stockbrokers investment platform
Gilts/corporate bonds Via the Barclays Stockbrokers investment platform
ETFs Via the Barclays Stockbrokers investment platform
Investment trusts Via the Barclays Stockbrokers investment platform
Discretionary management
National Savings & Investments
Unlisted shares
Structured products Via the Barclays Stockbrokers investment platform
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 providerCash element of SIPP is held on the Barclays Stockbrokers SIPP trading account pending investment
Current interest rate£0 - £999 0%

£1,000 - £49,999 0.2%

£50,000 and over 0.5%

Structure

Scheme trusteesSippdeal Trustees Ltd
Scheme administratorAJ Bell Management Ltd

Minimum contributions

Regular paymentsNo minimum
Transfers/Single PremiumsNo minimum
Min additionalNo minimum

Company Information

OwnershipBarclays Bank Plc
Year established1690
Funds under managementNot disclosed
Number of SIPPs administeredNot disclosed
Defaqto ratingNot disclosed

Transfers

Accepts benefits from defined benefit / final salary schemes?No

Misc

Flexi-Access Drawdown / UFPLS offeredYes
Scheme Pension offeredNo
Notes

Need advice on your SIPP?

Contact our team of SIPP specialists today:

0115 933 8433

info@investmentsense.co.uk

Online enquiry form

Barclays Stockbrokers SIPP

Barclays Stockbrokers is part of the Wealth and Management department in Barclays Banking Group. The banking group was founded in 1690 in London, and today the group operates in over 50 countries and serves nearly 48 million customers, making it the third largest bank in the world behind HSBC and J.P. Morgan Chase.

Barclays Stockbrokers offices are located in Glasgow and have over 25 years experience in equity share dealing. The stockbrokers has one SIPP (Self-Invested Personal Pension) called the Barclays Stockbrokers SIPP.

All permitted investments with the Barclays Stockbroker SIPP have to go via the Barclays Stockbrokers investment platform. Allowable investments include unit trusts & OEICS, UK and overseas listed stock and shares, AIM shares, gilts/corporate bonds, ETFs, investment trusts and structured products.