Last updated19th April 2014

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Charges

Charges are subject to VAT although shown excluding VAT
Initial/Set up fee£500
Annual fee£550
Transfer in fee£70
Transfer out feeTime costed
In-specie transfer in fee£75 per asset
Income DrawdownInitial: £250

Ongoing: £180 if income taken monthly, £90 if income taken annually, half annually or quarterly
Additional Income Drawdown feesMandatory or member nominated reviews, £180

Entering Flexible Drawdown, £250
Annuity purchase feeTime costed
Payment of death benefits feeTime costed
Other feesContributions:

Cash, free

In-specie contribution, £200 per arrangement plus £75 per asset

Investment related fees:

Establishing an investment portfolio, free

Basic direct investments (e.g. bank / building society accounts, Trustee Investment Plans and Offshore Bonds), £30 per investment

Complex direct investments (e.g. unquoted shares and intangible assets), time costed

Offshore or overseas investments, time costed

Ad hoc SIPP valuation, £100

Management

Access: Direct or via IFABoth

Online capability

DetailsCurrently clients have access to online investment platform via Winterflood and communications can be conducted via secure email

Permitted Investments

Commercial property
Overseas property
Unit trusts & OEICSAll platforms allowed
External deposit accountsUnrestricted access to all 'sippable' deposit accounts
Overseas listed stock and sharesAll stockbrokers allowed
UK listed stocks and sharesAll stockbrokers allowed
AIM sharesAll stockbrokers allowed
Gilts/corporate bondsAll stockbrokers allowed
ETFsAll stockbrokers allowed
Investment trustsAll stockbrokers allowed
Discretionary managementUnrestricted 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 loansSubject to review prior to acceptance and over 10% unlikely to be acceptable

Property purchase

Purchase fee£500 per property
Sale fee£300 per property
Annual property administration fee£300 per property
VAT registration feeTime costed
VAT return feesTime costed
Other feesProperty refurbishment / development, £500

Borrowing, £100 per member

SIPP Bank Account

SIPP bank account providerBarclays Bank
Current interest rate0.35%

Structure

Scheme trusteesCalderwood Pensions Ltd
Scheme administratorCalderwood Pensions Ltd

Minimum contributions

Regular paymentsNo minimum
Transfers/Single PremiumsNo minimum
Min additionalNo minimum

Company Information

OwnershipPrivately owned
Year established1988
Funds under management£81.5 million
Number of SIPPs administered250
Defaqto ratingNot rated

Transfers

Accepts benefits from defined benefit / final salary schemes?Yes, subject to review prior to acceptance

Misc

Flexible Drawdown 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

Calderwood Pensions

Calderwood Pensions is a privately owned company and was founded in 1998. They currently administer 250 SIPPs with funds under management in excess of £80 million.

The Calderwood Pensions SIPP allows access to a wide range of investments including commercial property in the UK and overseas, third party deposit accounts, platforms, discretionary fund managers as well as directly held assets Structured Products and more complex investments such as trademarks, brands, intellectual property and third party loans.

The mandated SIPP bank account is held with Barclays Banks and pays an interest rate of 0.35% per annum; other deposit accounts with suitable banks and building societies can also be opened.