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Last updated 30th January 2012
Telephone: 0845 504 0582
Address: Berkeley Burke SIPP Administration Ltd, Berkeley House, Regent Street, Leicester, LE1 7BR
Go to the Berkeley Burke website
Literature Click here to be taken to the literature library on the Berkeley Burke website
Charges
Charges are subject to VAT although shown excluding VAT
Initial/Set up fee £225
Annual fee £250
Transfer in fee None
Transfer out fee £250, cash transfer fron default SIPP bank account
£250 per transfer (max £750) non cash transfer
In-specie transfer in fee £250
Income Drawdown Initial: £250
Ongoing: £150, where income is taken
Additional Income Drawdown fees Review of income limits £500
Annuity purchase fee £250
Payment of death benefits fee £250
Other fees Refund of contributions (where allowed), £25
In specie contributions, £250
Management
Access: Direct or via IFA Via IFA only
Online capability
Details Bank account and online valuations
Permitted Investments
Commercial property No
Unit trusts & OEICS Yes, all platforms allowed
External deposit accounts Yes, unrestricted access to all 'sippable' deposit accounts
Overseas listed stock and shares Yes, all stockbrokers allowed
UK listed stocks and shares Yes, all stockbrokers allowed
AIM shares Yes, all stockbrokers allowed
Gilts/corporate bonds Yes, all stockbrokers allowed
ETFs Yes, all stockbrokers allowed
Investment trusts Yes, all stockbrokers allowed
Discretionary management Yes, unrestricted access
National Savings & Investments Yes
Unlisted shares Yes
Structured products Yes, subject to compliance sign off
Trustee Investment Plans Yes
Insurance company funds Yes
Hedge funds Yes
Traded endowment plans Yes
Property purchase
Purchase fee N/A
Sale fee N/A
Annual property administration fee N/A
VAT registration fee N/A
VAT return fees N/A
Other fees N/A
SIPP Bank Account
SIPP bank account provider Bank of Scotland
Current interest rate 0.65%
Structure
Scheme trustees Berkeley Burke Trustees Ltd
Scheme administrator Berkeley Burke SIPP Administration Ltd
Minimum contributions
Regular payments £1
Transfers/Single Premiums £15,000
Min additional £1
Company Information
Ownership Privately owned company
Year established 1973
Funds under management TBC
Number of SIPPs administered 2,100
Transfers
Accepts DB transfers? Yes, if IFA advised
Misc
Flexible Drawdown offered Yes
Notes
